Grand Rapids, MI Cost of Living (2024): How Expensive Is It?

What Salary Do You Need to Live Comfortably in Grand Rapids, MI in 2024?

Overall, on average, a gross annual salary of $56,511 is required for an average quality of life in Grand Rapids, MI.

Is the Cost of Living High in Grand Rapids, MI?

Grand Rapids, MI is ranked 87th out of the 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered one of the cheaper cities in which to live in the U.S. Grand Rapids, MI's average monthly rent is 37% lower than the U.S. average cost of rent.

Is $50,000 a Good Salary in Grand Rapids, MI in 2024?

A gross annual salary of $50,000 in Grand Rapids, MI will yield an average annual net salary of $43,757. Considering that the total average annual cost of living in Grand Rapids, MI is $42,262, a gross annual salary of $50,000 will be sufficient to cover average living costs.

How Much Should You Pay for Rent in Grand Rapids, MI?

The average monthly rent in Grand Rapids, MI in the city center is $1,208 for a 1 bedroom apartment, $1,602 for a 2 bedroom apartment and $2,002 for a 3 bedroom apartment. Outside the city center, the average monthly rent in is $908 for a 1 bedroom apartment, $1,159 for a 2 bedroom apartment and $1,409 for a 3 bedroom apartment.