States › Michigan › Grand Rapids

Is Grand Rapids, MI expensive to live in?

OKRent takes 28 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,751same as U.S. average
💵 Families earn per year (2026)$74,533about $6,211/month · 14% lower than U.S. average
🔑 House price$244,50027% lower than U.S. average

Grand Rapids is the 2nd-largest city in Michigan that we track, with 198,535 residents. Rent is higher than in 55% of U.S. cities. A typical house costs about 3.3 years of household income. Commutes are short, about 19 minutes.

How much money do I need?

To rent here comfortably, you should earn about $70,040 a year. That is $34 an hour at a full-time job.

Is rent cheaper than other Michigan cities?

No. Rent here is more expensive than in most of Michigan. It is number 149 of 179 cities from cheapest to most expensive.

Grand Rapids
$1,751
$1,444
$1,936
$1,149
$1,601
$1,569

Compare Grand Rapids with other big cities

vs New Yorkvs Los Angelesvs Chicagovs Houstonvs Detroitvs Dallasvs Fort Worthvs Madisonvs Jacksonvillevs Renovs Fresnovs Boise City

Compare Grand Rapids to 149 other cities →

How much do households earn in Grand Rapids?

Under $25k
15.3%
$25k–50k
21.5%
$50k–100k
35.9%
$100k–150k
15.6%
$150k+
5.9%

Share of households by yearly income. 21.5% of households earn $100,000 or more.

Rent by apartment size in Grand Rapids

SizeGrand RapidsU.S. average
Studio$1,202$1,338
1 bedroom$1,120$1,324
2 bedrooms$1,396$1,509
3 bedrooms$1,692$1,698
4 bedrooms$2,049$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Grand Rapids overall?

Everyday prices in the Grand Rapids-Wyoming-Kentwood metro area are 4% below the U.S. average (index 95.5, U.S. = 100).

Housing
87
Goods (food, clothes…)
94
Utilities
94
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.

Taxes and bills in Grand Rapids

🏛️ Property tax$2,493a year · 1.02% of home value · U.S. $3,119
⚡ Electric bill$100a month (typical) · U.S. $156

Life in Grand Rapids

Commute to work19 minU.S.: 26.4 min
College degree41.6%U.S.: 35.7%
Own their home54%U.S.: 65.2%
Below poverty line16.9%U.S.: 12.5%
Unemployment5.2%U.S.: 5.2%

What jobs pay in Grand Rapids

JobMedian payRent / pay
Pharmacist$140,71014.9%
Physician Assistant$131,93015.9%
Lawyer$129,36016.2%
Nurse Practitioner$125,66016.7%
Software Developer$107,52019.5%
Operations Manager$101,72020.7%
Computer Systems Analyst$97,21021.6%
Civil Engineer$92,60022.7%
Dental Hygienist$84,29024.9%
Registered Nurse$83,92025.0%
Plumber$80,44026.1%
Accountant$76,27027.5%
Police Officer$74,92028.0%
Licensed Practical Nurse$65,23032.2%
Market Research Analyst$64,88032.4%
Electrician$62,24033.8%
Elementary School Teacher$61,90033.9%
HVAC Technician$60,19034.9%
Carpenter$59,00035.6%
Truck Driver$58,27036.1%
Firefighter$56,26037.3%
Customer Service Representative$44,99046.7%
Server (Waiter/Waitress)$42,93048.9%
Medical Assistant$39,89052.7%
Nursing Assistant$38,34054.8%
Restaurant Cook$37,36056.2%
Warehouse Worker$36,13058.2%
Retail Salesperson$34,80060.4%
Cashier$29,88070.3%

Is it cheaper to rent or buy in Grand Rapids?

Buying is cheaper month to month: about $55 a month less than renting.

Renting
$1,751
Owning
$1,696

Owning assumes a typical $244,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $24,450 for the down payment.

Frequently asked questions

What is the average rent in Grand Rapids, MI?

Renting in Grand Rapids costs a median of about $1,751 a month in 2026, including utilities. The Michigan median is $1,314.

How much do I need to make to live in Grand Rapids?

To keep rent under 30% of income, you need about $70,040 a year, or $34 an hour at a full-time job.

Is Grand Rapids cheap or expensive?

Grand Rapids is rated OK: rent takes 28.2% of the typical household income of $74,533. It ranks 149th cheapest of 179 Michigan cities we track.

How much are property taxes in Grand Rapids?

The median homeowner in Grand Rapids pays $2,493 a year in property taxes, about 1.02% of the median home value.

Is Grand Rapids more expensive than the national average?

Overall prices in the metro area are 4% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Grand Rapids?

The median home value in Grand Rapids is $244,500, about 3.3 times the typical yearly household income.

198,535 people live in Grand Rapids. Numbers are typical (middle) values.