Best Places for Business and Careers 2019Best Places to Retire In Each State 2018
Grand Rapids, MI
Grand Rapids-Wyoming, MI
Grand Rapids, MI
Grand Rapids-Wyoming, MI
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gross metro product
$64.6B
population
1.1M
median household income
$63,463
median home price
$207,000
cost of living
3% below nat'l avg
college attainment
33.7%
net migration
710 (year: 2018)
unemployment
3%
major industries
Aviation, Bio-science, Education
job growth
2% (year: 2018)
As of October 2019
population
196.0K
median home price
$152,000
As of August 2018
Grand Rapids is home to five of the world's leading office furniture companies and is nicknamed the Furniture City. The city hosts a number of festivals, many of which take place at its Vandenberg Plaza, including the Celebration on the Grand and Festival of the Arts. Other points of interest for visitors and locals include the Grand Rapids Art Museum, John Ball Park, Belknap Hill, Gerald R. Ford Museum, Van Andel Museum Center and Roger B. Chaffee Planetarium. Grand Rapids is home to myriad theatres and stages, including
the Civic Theatre, DeVos hall, and the historic Wealthy Theatre.
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River city of 196,000, 160 miles west of Detroit. Median home price $152,000. Cost of living 13% below national average. PROS: Good rank on Milken Institute list of best cities for successful aging. Adequate number of doctors per capita. Good air quality. Very walkable and bikeable. No state estate/inheritance tax, no state income tax on Social Securing earnings. CONS: Serious crime rate above national average. Cold winters. NOTED: Elevation 640 feet. Top marginal income tax rate 4.25%. TRIVIA: Founded by fur traders.
Sources: Moody's Analytics; Sperling's BestPlaces; U.S. Census.
Numbers as of October 2019
a - Value of 100 means that a family with the median income has exactly enough income to qualify for a typical mortgage on a median-priced single-family home. An index above 100 signifies that the family has surplus income.
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