Why Living in Grand Rapids is More Affordable Than You Think

Living in Grand Rapids, Michigan, has its challenges, especially when it comes to securing housing. Whether you rent or own, our city is known for its competitive and expensive housing market, making it difficult for many people to find a place to live. I hope to be an home owner one day, but the number of people moving to the area has made it hard to find a house that fits us right without having a huge fight or overpaying.

However, once you’ve overcome the hurdle of finding housing, you’ll discover that maintaining a household here is surprisingly affordable.

According to data from Doxo, Grand Rapids household bills are 11% lower than the national average. The average household in our city pays about $1,887 per month in bills, which includes utilities, insurance, and other essentials but excludes mortgage or rent. This totals $22,644 per year, which is $2,869 less than what households across the country typically spend.

What makes Grand Rapids even more attractive is how well these costs align with local incomes. With the median household income sitting at $71,075, the average household here spends only 32% of their income on bills. That’s a significant difference compared to other cities where household bills can eat up much more of a family’s budget. Once rent or mortgage payments are secured, the relatively low cost of living makes it easier for residents to manage their finances and enjoy life in this vibrant city.

Read More: Why Did Grand Rapids Take The Rapids Out Of The River?

So, while the initial challenge of finding affordable housing in Grand Rapids can feel overwhelming, the payoff is well worth it once you settle in. The lower monthly costs give residents more financial breathing room, allowing us to enjoy everything our city has to offer without being weighed down by high utility or insurance bills. Grand Rapids may be tough to break into, but once you’re here, it’s a great place to call home.