Grand Rapids, MI (zip code 49506) is a great place to live with its reasonable cost of living and many local businesses. Two bedroom rent in Grand Rapids, MI (49506) is $1,310 compared to the US average of $1,430. The grocery cost index in Grand Rapids is lower than most areas at 99 versus 100 in the US. Notable businesses in Grand Rapids include Steelcase Inc., Amway Corporation and SpartanNash Company. All these factors make Grand Rapids an ideal place for individuals or families looking for an affordable place to live and start a business.
Grand Rapids (zip 49506) has an unemployment rate of 6.3%. The US average is 6.0%.
Grand Rapids (zip 49506) 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 35.8%, which is higher than the US average of 33.5%.
Tax Rates for Grand Rapids (zip 49506)
- The Sales Tax Rate for Grand Rapids (zip 49506) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Grand Rapids (zip 49506) is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Grand Rapids (zip 49506)
- The average income of a Grand Rapids (zip 49506) resident is $34,824 a year. The US average is $28,555 a year.
- The Median household income of a Grand Rapids (zip 49506) resident is $96,348 a year. The US average is $69,021 a year.