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Grand Rapids Residents Debt-to-Income Ratios
Grand Rapids residents have 688 median credit score and the average number of late payments is about 3.67. Below represented DTI (Debt-to-Income) ratios shows how Grand Rapids residents debts stacks up against their income. As of 2020.
Credit Card DTI
Car Loan DTI
Student Loan DTI
Grand Rapids Residents Financial Statistics
Below represented statistics is for Grand Rapids, Kent County, Michigan. As of 2019.
Median age of Grand Rapids's residents, years
Labour force participation rate, %
Unemployment rate, %
% of residents with no health insurance
Median individual income, USD
Median household income, USD
% of households with income under $35,000
% of households with income $35,000 - $75,000
% of households with income $75,000 - $100,000
% of households with income over $100,000
% of households that own their residence
Median home value owned by residents, USD
Median rent cost, USD
Rent Burden, %
Some official sources of data we used to build this page:
Grand Rapids, MI
Payday Loans are legal* in Michigan.