Economy in Grand Rapids
Detailed economy data — sourced from authoritative datasets and normalized for direct comparison.
Economy in Grand Rapids, Michigan
Grand Rapids' economy has demonstrated resilience and consistent job growth, adding approximately 2,000 new jobs in 2025. The region's employment is projected to grow by 1.0% to 1.6% in 2025, outpacing state and national levels since 2019. Key industries driving the local economy include healthcare, advanced manufacturing (especially furniture), food processing, and a burgeoning technology sector. The city has seen a significant increase in tech jobs, with nearly 4,300 added since 2021. The entrepreneurial climate is also robust, with a high percentage of companies planning expansions. The average annual salary in Grand Rapids is estimated at around $69,014, reflecting a stable job market.
Economy & Jobs
Top Industries
About Grand Rapids, Michigan
Grand Rapids, Michigan, often referred to as 'Furniture City' and 'Beer City USA,' is the second-most populous city in Michigan, with an estimated population of 200,117 in 2024. Situated along the Grand River, approximately 25 miles east of Lake Michigan, it serves as the economic and cultural hub of West Michigan. The city boasts a rich history, evolving from a prominent furniture manufacturing center to a diverse economy with strong sectors in healthcare, manufacturing, and technology. People are drawn to Grand Rapids for its blend of urban amenities, natural beauty, and a growing job market, making it an attractive destination for young professionals and families alike.
About Michigan
Michigan, known as the "Great Lakes State," offers a diverse landscape with extensive freshwater coastlines and distinct four-season weather. Its economy, historically centered on the automotive industry, has diversified to include advanced manufacturing, healthcare, IT, agriculture, and tourism. The cost of living in Michigan is generally lower than the national average, making it an affordable place to reside. Residents experience warm, humid summers and cold, snowy winters, with the Great Lakes moderating temperatures, and enjoy a lifestyle that balances career opportunities with access to natural beauty and outdoor activities.