Cost of Living

Cost of living is the total amount an individual or family has to spend in order to maintain a good quality of life in any given area. Several factors are affecting this amount, including housing, food, transportation, health care, taxes, and other necessities. If you're planning to move into a new neighborhood in the same city, the cost of living won't be one of the things you need to consider in earnest. However, if you plan to move to a different city or state, you'll want to make sure you check out the cost of living in that community before committing. You may realize that your new income will not provide the same quality of living in a new city as compared to your current home.

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Cost of Living Index

The 2020 Cost of Living Index below is a graph showcasing the difference between various factors that affect the cost of living in Grand Rapids compared to the state and national average. These factors are scored in a standard 100 point system, with the national average serving as the baseline. Higher points than 100 will mean more expensive costs for you, while a lower score will mean more affordable expenses.

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Cost of Living in Grand Rapids

As the second largest city in Michigan, Grand Rapids' cost of living is a lot more expensive compared to other parts of the state. If you're planning to move into the area from rural communities within Michigan, you'll want to make sure that you are adequately prepared for the increase in your costs of living. The cost of transportation is quite high in Michigan, with a gallon of gasoline costing about $2.79, which is 7.6% higher than the national average. Housing, however, is quite affordable in the city, especially compared to other metropolitan cities in the country. You can get good deals on homes in the region, primarily if you work with a local real estate expert. Other factors are relatively similar but are still lower than the rest of the country.

Check out our original neighborhood post at https://grootrealtyco.com/. 

Moving to Grand Rapids, MI

If you've decided that moving to Grand Rapids would be a good call for you, the next step would be finding a good home for you and your family. Our team of local real estate experts would be happy to guide you in finding the best deals in town. If you're looking at a particular neighborhood or would like a recommended list of properties close to your workplace, we can help. Feel free to send us a message or give us a call for any real estate related questions. We would be happy to provide you with the information you need and get you the best deal possible.