Kalamazoo, Michigan is an excellent place to live for those looking for a more affordable lifestyle. The 2 bedroom rent in Kalamazoo is $1,050 which is significantly lower than the US average of $1,430 making it an attractive option for those on a budget. Grocery costs are also favorable at 91 compared to 100 in the US. Kalamazoo offers big city amenities without sacrificing affordability with some larger companies like Stryker Corporation and Upjohn Pharmaceuticals having offices as well as local small businesses such as Sehgal's Market and Art's Music Center. The combination of these large and small businesses makes living in Kalamazoo both economical and enjoyable.
Kalamazoo (zip 49007) has an unemployment rate of 6.3%. The US average is 6.0%.
Kalamazoo (zip 49007) has seen the job market decrease by -6.0% 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 49007)
- The Sales Tax Rate for Kalamazoo (zip 49007) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Kalamazoo (zip 49007) 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 49007)
- The average income of a Kalamazoo (zip 49007) resident is $21,011 a year. The US average is $37,638 a year.
- The Median household income of a Kalamazoo (zip 49007) resident is $33,120 a year. The US average is $69,021 a year.