Cost of Living in Grand Rapids, MI
|Cost of Living in Grand Rapids, MI||Compared to State Average||Compared to National Average|
|Housing (Buy and Rent)||16% higher||9% lower|
|Utilities (Monthly)||0%||1% higher|
|Food||3% lower||10% lower|
|Healthcare||2% lower||4% lower|
|Transportation||3% higher||5% higher|
|Goods & Services||2% higher||2% lower|
The cost of living in Grand Rapids, MI is 5% higher than the state average and 4% lower than the national average. Grand Rapids, MI housing is 9% cheaper than the U.S average, while utilities are about 1% pricier. When it comes to basic necessities such as food and clothing, groceries are around 2% less in Grand Rapids, MI than in the rest of the country, while clothing costs around 2% less .
Healthcare services such as doctor check-ups and dentistry cost 4% less here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 2% cheaper in Grand Rapids, MI.
Housing (Buy and Rent)
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Grand Rapids is $1,324, while home prices circle around $321,213.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Grand Rapids, energy bills cost around $173.42 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $1.64 in Grand Rapids, a dozen eggs go for around $1.36 and a pound of potatoes circles around $2.60.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Grand Rapids, an optometry check-up costs around $102.92, while a dentist appointment is priced $97.12 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $2.35 in Grand Rapids, while getting your tires balanced will run you about $58.00.
Goods & Services
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $15.92 here. Meanwhile, a pair of women's slacks will set you back around $14.74.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Grand Rapids, you should budget around $11.37 a month. When it comes to personal services, a haircut usually goes for $20.67, while dry cleaning costs about $19.76.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Grand Rapids, the median household income is $51,333.