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According to statistics, the population in Grand Rapids, MI amounts to 195,355, which shows decline 1% compared to the previous year. The median age of the city’s residents is 31. The average household income is $44,369, shifting growth 6% from the past year, and the average property value in Grand Rapids, MI growth 7% to $121,800 throughout the year.
|Number Of Employees||96,858|
|Median Property Value||$121,800|
The average household income in Grand Rapids, MI grew from $42,019 to $44,369 in the past year. This data is an estimate based upon 73,434 households in Grand Rapids, MI . The chart below presents how household income is distributed in Grand Rapids, MI in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Grand Rapids, MI shifted from $113,600 to $121,800 throughout the year. The subsequent graph indicates the share of properties in the given price range in Grand Rapids, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Grand Rapids, MI properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Grand Rapids, MI compared to median property taxes around the country. The prevalent amount of property taxes in Grand Rapids, MI equals $1150, which is less than the national average.