Housing costs in Grand Rapids?
A typical home costs
$191,600, which is 43.3% less expensive than the national average of
$338,100 and 12.4% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Grand Rapids costs
$1,140 per month, which is 3.6% more than the national average of
$1,100 and 2.6% cheaper than the state average of
$1,170.
Can I afford Grand Rapids?
To live comfortably in Grand Rapids (zip 49507), Michigan, a minimum annual income of
$36,720 for a family, and
$38,000 for a single person is recommended.
What does A.I. say about Grand Rapids?
The cost of living in 49507 Grand Rapids, MI is relatively low compared to other parts of the country. The median home value in the area is $150,400, which is lower than the national average. The median rent price for a one-bedroom apartment is $731, making it an affordable place to live. Groceries and other everyday items are also reasonably priced. All in all, 49507 Grand Rapids offers a cost-effective standard of living that can be appealing for many people.