Grand Rapids looks moderately positioned relative to its own citywide benchmarks, featuring a median household income of $69,108 against a median gross rent of $1,266 per month and a median home value of $244,500. However, these figures are citywide medians from the 2024 ACS and do not establish neighborhood safety, schools, weather, insurance, job quality, or live asking prices. Local costs and affordability can vary widely across different areas.
Grand Rapids at a glance
What the default budget models
A one-person renting household begins with a modeled annual core-cost baseline of $30,192. It combines the ACS median gross-rent estimate with a uniform $1,250 monthly non-housing baseline. State income tax is excluded until a current official reference is approved; the calculator labels that limitation instead of guessing.
| 2024 ACS population estimate | 198,535 |
| 2024 ACS median household income | $69,108 |
| 2024 ACS median gross rent | $1,266 |
| 2024 ACS median owner-occupied home value | $244,500 |
| Derived one-way commute estimate | 21 minutes |
| State-tax treatment | Excluded — official reference pending |
| Rent-to-income reference | 22% |
The trade-off
Relative strength: A median home value of $244,500.. Watch closely: median rent is $1,266 per month..
Compare Grand Rapids
Frequently asked questions
What is the median household income in Grand Rapids?
Based on the 2024 ACS 5-year estimates, the median household income in Grand Rapids, Michigan, is $69,108. This figure represents citywide data and may not reflect specific neighborhoods.
What are typical housing costs in Grand Rapids?
The 2024 ACS 5-year estimates report a median gross rent of $1,266 per month and a median owner-occupied home value of $244,500. Note that ACS gross rent is not a live asking rent.
Source ledger
Every production input below is retained with its publisher and dataset. The ACS figures are five-year estimates, not live listings or guarantees.
- PopulationU.S. Census Bureau · 2024 ACS 5-Year B01003
- Median household incomeU.S. Census Bureau · 2024 ACS 5-Year B19013
- Median gross rentU.S. Census Bureau · 2024 ACS 5-Year B25064
- Median owner-occupied home valueU.S. Census Bureau · 2024 ACS 5-Year B25077
- Commute-time distributionU.S. Census Bureau · 2024 ACS 5-Year B08303
Interpretation: The ACS 2024 five-year estimates generally summarize observations across 2020–2024. The commute number is a weighted midpoint estimate from table B08303. State income tax is not included in the modeled take-home result. Verify a current address, quote, commute, and tax situation before making a decision.