Kalamazoo, Michigan (49048) is a great place to live with affordable rent. The average 2-bedroom rental cost in Kalamazoo is $1,050, which is significantly lower than the national average of $1,430. Additionally, the grocery cost index in Kalamazoo is 93 compared to 100 nationwide – this means that groceries are more affordable in Kalamazoo than other places in the United States.
The city of Kalamazoo is home to a number of local companies such as Stryker Corporation, Checkers Industrial Products, and S2 Yachts. These companies offer plenty of job opportunities for those looking to build their career in the area. In addition to these businesses, Kalamazoo also hosts many festivals throughout the year that highlight their vibrant culture and give locals a chance to enjoy themselves while supporting their local economy.
Overall, living in Kalamazoo can be an ideal option for those who want access to some of the same amenities they'd find elsewhere in America but at a better price point or lower cost index rating. The combination of relatively low rental costs and an affordable grocery index makes it easy for residents to save money while still enjoying life in one of Michigan's most beautiful cities.
Kalamazoo (zip 49048) has an unemployment rate of 5.1%. The US average is 6.0%.
Kalamazoo (zip 49048) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Kalamazoo (zip 49048)
- The Sales Tax Rate for Kalamazoo (zip 49048) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Kalamazoo (zip 49048) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Kalamazoo (zip 49048)
- The average income of a Kalamazoo (zip 49048) resident is $19,426 a year. The US average is $28,555 a year.
- The Median household income of a Kalamazoo (zip 49048) resident is $54,042 a year. The US average is $69,021 a year.