Michigan · Midwest · 54k residents
Kentwood, MI: economy, jobs & business costs
The site-selection read on Kentwood: labor costs, talent, corporate tax, energy, and business activity, with the Michigan median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,362/wk. Michigan's corporate income tax rate is 6%. Commercial electricity averages 14.0¢/kWh.
Compare Kentwood side by side
Avg. weekly wage
$1,362/wk
Corporate income tax
6%
Bachelor's degree or higher
36.7%
Commercial electricity
14.0¢/kWh
Economic momentum
How fast Kentwood's economy is moving, ranked against the US cities we track.
45/100
Steady
Ranks Kentwood's residential building-permit growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $268,200 |
| Price per sq. ft. | $155 |
| Property tax rate | 1.35% |
| 1-bedroom rent | $1,074/mo |
| 2-bedroom rent | $1,398/mo |
| State & local income tax | 5.25% |
| Sales tax | 6% |
| Corporate income tax | 6% |
| Avg. weekly wage | $1,362/wk |
| Bachelor's degree or higher | 36.7% |
| Commercial electricity | 14.0¢/kWh |
| Businesses per 1k residents | — |
| Wage: Software developer | $125,570 |
| Wage: Registered nurse | $94,300 |
| Wage: General manager | $99,530 |
| Wage: Customer service | $43,950 |
| Wage: Warehouse worker | $35,930 |
| Wage: Heavy truck driver | $57,180 |
| Wage: Electrician | $76,270 |
| Wage: Retail salesperson | $34,640 |
| Cost of living index | 90 |
| Groceries index | 95 |
| Utilities | $175/mo |
| Transit pass | $60/mo |
| Gas price | $3.30/gal |
| Healthcare index | 96 |
| Childcare (per child) | $950/mo |
| Median household income | $74,373 |
| Unemployment rate | 4.1% |
| Population | 54k |
| Crime index | 45/100 |
| School rating | 5.3/10 |
| Walkability | 34/100 |
| Disaster risk | — |
| Avg. commute | 24 min |
| Sunny days / year | 175 days |
| July high | 82°F |
| January low | 17°F |
| Annual snowfall | 75 in |
| Home price YoY | +4.0% |
| Home price MoM | 0.0% |
| Rent YoY | +6.7% |
| Rent MoM | +0.3% |
| Employment (jobs) YoY | — |
| Building permits YoY | -9.0% |
| Ocean coast | 622 mi |
| Big lake | 29 mi |
| Mountains | 430 mi |
| Major airport | 6 mi |
| Ski resort | 115 mi |
Popular comparisons
Nearby
- Cutlerville, MI · 19k
- Wyoming, MI · 77k
- Grandville, MI · 16k
- Grand Rapids, MI · 199k
- Jenison, MI · 18k
Similar size
- Battle Creek, MI · 52k
- Royal Oak, MI · 58k
- St. Clair Shores, MI · 58k
- Portage, MI · 49k
- Roseville, MI · 47k
Real listings in Kentwood
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Kentwood a good place to run a business?
- Michigan's corporate income tax rate is 6%; average weekly wages in the surrounding labor market run $1,362/wk; commercial electricity averages 14.0¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Kentwood, MI?
- Kentwood indexes at 90 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,398/mo and a acs median home value of $268,200.
- How much does a house cost in Kentwood?
- The acs median home value in Kentwood is $268,200 (Census ACS estimate; individual listings vary).
- How much is rent in Kentwood?
- A two-bedroom in Kentwood rents for about $1,398/mo.