Zip 49006 (Kalamazoo, MI) Economy


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Kalamazoo, MI, 49006 is an excellent place for those looking for an affordable place to live. The average 2 bedroom rent in Kalamazoo is $1,000 compared to the US average of $1,430. This makes it a great option for people who want to save some money on rent while still having access to all the amenities one would need. Moreover, the grocery cost index in Kalamazoo is 94 compared to 100 in the US. This makes it very easy on people's wallets when it comes to buying groceries.
Furthermore, people looking for an apartment or rental house in Kalamazoo can find plenty of great options located near major companies like Checker Motors Corporation and Stryker Corporation. Those living nearby will have easy access to job opportunities and further career advancement. Additionally, there are many other companies such as Bronson Methodist Hospital and Western Michigan University that are just a few minutes away from most residential areas of Kalamazoo.

Kalamazoo (zip 49006) has an unemployment rate of 6.3%. The US average is 6.0%.

Kalamazoo (zip 49006) has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.

Tax Rates for Kalamazoo (zip 49006)
- The Sales Tax Rate for Kalamazoo (zip 49006) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Kalamazoo (zip 49006) 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 49006)
- The average income of a Kalamazoo (zip 49006) resident is $17,081 a year. The US average is $28,555 a year.
- The Median household income of a Kalamazoo (zip 49006) resident is $39,193 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyKalamazoo, MichiganUnited States
  6.36
  -6.0%-6.2%
  29.9%33.5%
  6.0%6.2%
  4.3%4.6%
  $25,620$37,638
  $39,193$69,021
  $63,405$85,028
  Population by Occupation
  0.7%1.2%
  0.0%0.5%
  2.6%6.8%
  10.1%10.0%
  1.3%2.5%
  12.5%11.0%
  2.1%4.8%
  0.3%0.8%
  2.2%1.9%
  4.4%4.7%
  1.5%1.9%
  4.9%7.6%
  0.0%0.1%
  4.5%4.2%
  16.9%9.3%
  13.0%14.0%
  2.5%2.1%
  13.6%7.0%
  5.4%4.8%
  1.4%4.7%
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