The Kalamazoo-Portage, MI Metro Area is a vibrant community with a number of local businesses. Companies such as Stryker Corporation, Upjohn Company, and Michigan Gas Utility are all located in the area. The cost of living in this metro area is quite affordable with the average rent for a two bedroom being $1,050 as compared to the national average of $1,430. Additionally, the grocery cost index for Kalamazoo-Portage is 94 versus 100 nationally. This makes it an attractive option for those looking to make their dollar stretch further.
Kalamazoo-Portage Metro Area has an unemployment rate of 5.4%. The US average is 6.0%.
Kalamazoo-Portage Metro Area has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Kalamazoo-Portage Metro Area
- The Sales Tax Rate for Kalamazoo-Portage Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Kalamazoo-Portage Metro Area is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Kalamazoo-Portage Metro Area
- The average income of a Kalamazoo-Portage Metro Area resident is $34,928 a year. The US average is $37,638 a year.
- The Median household income of a Kalamazoo-Portage Metro Area resident is $61,739 a year. The US average is $69,021 a year.