Grand Rapids, Michigan is a vibrant city located in the middle of the state. It has a population of over 200,000 people and is one of the most diverse cities in the Midwest. Grand Rapids is home to many universities and colleges, as well as a thriving business and cultural scene. The city is also known for its affordable housing, making it a great place to live. But what is the average cost of a one bedroom apartment in Grand Rapids, Michigan?
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Average Rent in Grand Rapids, Michigan
The average rent for a one bedroom apartment in Grand Rapids, Michigan is around $721 per month. This price is slightly lower than the average rent for a one bedroom apartment in the rest of the state, which is around $817 per month. The median rent for a two bedroom apartment in the city is $912 per month. This is slightly higher than the statewide median rent for a two bedroom apartment, which is $934 per month.
Renters vs. Homeowners
Renters make up the majority of the population in Grand Rapids, Michigan. Approximately 53 percent of the population is renters, while the other 47 percent of residents are homeowners. This is a higher percentage of renters than the state average of 48 percent. This means that the city is more affordable for renters than the rest of the state.
Cost of Living in Grand Rapids, Michigan
The cost of living in Grand Rapids, Michigan is lower than the national average. The average cost of living for a single person in the city is about $1,632 per month. This is significantly lower than the national average of $2,230 per month. The cost of living in Grand Rapids is also significantly lower than the state average of $1,938 per month.
Cost of Utilities in Grand Rapids, Michigan
The cost of utilities in Grand Rapids, Michigan is also lower than the national average. The average cost of utilities for a single person in the city is around $153 per month. This is significantly lower than the national average of $196 per month. The cost of utilities in Grand Rapids is also lower than the state average of $167 per month.
Cost of Groceries in Grand Rapids, Michigan
The cost of groceries in Grand Rapids, Michigan is also lower than the national average. The average cost of groceries for a single person in the city is around $379 per month. This is significantly lower than the national average of $459 per month. The cost of groceries in Grand Rapids is also lower than the state average of $416 per month.
Cost of Transportation in Grand Rapids, Michigan
The cost of transportation in Grand Rapids, Michigan is also lower than the national average. The average cost of transportation for a single person in the city is around $127 per month. This is significantly lower than the national average of $181 per month. The cost of transportation in Grand Rapids is also lower than the state average of $145 per month.
Conclusion
The average cost of a one bedroom apartment in Grand Rapids, Michigan is around $721 per month. This is slightly lower than the average rent for a one bedroom apartment in the rest of the state, which is around $817 per month. Additionally, the cost of living in the city is lower than the national average, as is the cost of utilities, groceries, and transportation. All of these factors make Grand Rapids an attractive and affordable place to live.