Zip 49512 (Kentwood, MI) Economy


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49512 Kentwood, MI is a great place to live. The average 2 bedroom rent is $1,190, making it more affordable than the US average of $1,430. Furthermore the Grocery Cost Index in this area is 97 compared to the US average of 100, making groceries cost a bit less here than elsewhere. There are also many local amenities including stores like Meijer and Target as well as restaurants such as Chili's Grill & Bar and Olive Garden. In addition, 49512 Kentwood is known for its friendly people and gorgeous scenery - perfect for those looking for a peaceful atmosphere with plenty of things to do.

Kentwood (zip 49512) has an unemployment rate of 4.5%. The US average is 6.0%.

Kentwood (zip 49512) has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.

Tax Rates for Kentwood (zip 49512)
- The Sales Tax Rate for Kentwood (zip 49512) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Kentwood (zip 49512) 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 Kentwood (zip 49512)
- The average income of a Kentwood (zip 49512) resident is $38,331 a year. The US average is $37,638 a year.
- The Median household income of a Kentwood (zip 49512) resident is $55,346 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyKentwood, MichiganUnited States
  4.56
  -6.2%-6.2%
  37.5%33.5%
  6.0%6.2%
  4.3%4.6%
  $38,331$37,638
  $55,346$69,021
  $95,138$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  4.4%6.8%
  20.0%10.0%
  5.8%2.5%
  11.2%11.0%
  9.1%4.8%
  0.3%0.8%
  2.4%1.9%
  4.0%4.7%
  2.3%1.9%
  4.5%7.6%
  0.0%0.1%
  3.4%4.2%
  8.3%9.3%
  12.9%14.0%
  0.8%2.1%
  5.5%7.0%
  2.9%4.8%
  2.0%4.7%
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