Grand Rapids, MI — income, home value, property tax, and sales tax.
In ZIP code 49504, on Grand Rapids' west side, households earn a median of $70,119, or $37,577 per person. A median-valued home here runs $243,500, and the county property tax rate of 1.11% works out to roughly $2,700 a year on that amount. Add the 6.00% combined sales tax charged on purchases, and the picture is one of steady earnings against housing costs and two ongoing taxes. Neither levy appears out of step with what households at this income level can carry alongside a mortgage.
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