Zip 49316 (Caledonia, MI) Economy


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Caledonia, Michigan (49316) is located in Kent County, just north of Grand Rapids. Home to a population of over 14,000 people, Caledonia is an ideal place to call home. Rental prices for a two bedroom are more affordable than the US average at $1,500 per month. Grocery costs also tend to be slightly lower than the national average with an index score of 99 versus 100 in the US.
The area provides plenty to do and explore, from local parks like Millennium Park and Prospect Park to family friendly attractions such as The Fun Spot Family Entertainment Center or Watermark Country Club. Local businesses and restaurants can be found along Broadmoor Avenue or M-37. These include popular eateries such as the Ginger Cafe & Bakery or Sushi KAZU Japanese Steakhouse & Sushi Bar that offer unique dining experiences.

Caledonia (zip 49316) has an unemployment rate of 4.0%. The US average is 6.0%.

Caledonia (zip 49316) has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 37.9%, which is higher than the US average of 33.5%.

Tax Rates for Caledonia (zip 49316)
- The Sales Tax Rate for Caledonia (zip 49316) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Caledonia (zip 49316) 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 Caledonia (zip 49316)
- The average income of a Caledonia (zip 49316) resident is $31,941 a year. The US average is $28,555 a year.
- The Median household income of a Caledonia (zip 49316) resident is $95,423 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCaledonia, MichiganUnited States
  46
  -6.2%-6.2%
  37.9%33.5%
  6.0%6.2%
  4.3%4.6%
  $41,439$37,638
  $95,423$69,021
  $104,563$85,028
  Population by Occupation
  1.2%1.2%
  0.0%0.5%
  7.0%6.8%
  17.9%10.0%
  3.9%2.5%
  13.4%11.0%
  1.7%4.8%
  0.3%0.8%
  0.5%1.9%
  4.6%4.7%
  2.0%1.9%
  6.1%7.6%
  0.2%0.1%
  4.1%4.2%
  8.7%9.3%
  14.3%14.0%
  0.9%2.1%
  6.0%7.0%
  5.0%4.8%
  2.3%4.7%
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