East Grand Rapids, MI

Very High · 144

Michigan · Population 11,394 · Updated March 2026

$1,845
Median Rent / Month
$168,487
Median Income
$488,500
Median Home Value
$2,123
Owner Costs / Month

Affordability

How far your income goes in East Grand Rapids

13.1%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Michigan

State-level tax rates that affect your costs

4.25%
Income Tax (Top Rate)
6.0%
Sales Tax
1.38%
Property Tax Rate

Estimated Annual Costs

$22,140
Annual Rent
$7,161
State Income Tax
$6,741
Property Tax (est.)

Cost of Living Overview

East Grand Rapids has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 144 (where 100 equals the national median), East Grand Rapids residents can expect to pay median rent of $1,845/month while earning a median household income of $168,487/year.

The median home value in East Grand Rapids, MI is $488,500, with typical monthly owner costs around $2,123 including mortgage, insurance, and taxes. The median rent-to-income ratio of 13.1% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Michigan has a moderate income tax rate of 4.25%. Combined with a 6.0% sales tax rate and 1.38% effective property tax rate, the overall tax environment is a factor in the total cost of living in East Grand Rapids.

Frequently Asked Questions

Common questions about living costs in East Grand Rapids

What is the cost of living in East Grand Rapids, MI?
The cost of living index in East Grand Rapids, MI is 144 (US average = 100). Median monthly rent is $1,845, median household income is $168,487/year, and the median home value is $488,500.
Is East Grand Rapids, MI affordable?
No, East Grand Rapids is more expensive than the national average with a cost index of 144. The rent-to-income ratio is 13.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in East Grand Rapids, MI?
The median gross rent in East Grand Rapids, MI is $1,845 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $22,140.
What is the median household income in East Grand Rapids?
The median household income in East Grand Rapids, MI is $168,487 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Michigan?
Michigan has a top income tax rate of 4.25%, a sales tax of 6.0%, and an effective property tax rate of 1.38%.