Grand Rapids, MI — Demographics & Statistics
ZIP code 49503 serves a portion of Grand Rapids, Michigan, within Kent County. This community is home to approximately 56,476 residents, with a median age of 28.1 years. The median household income of $61,154 sits below the national median of $67,521, while median home values of $415,847 are above the national average of $301,500. The area has a renter-majority housing profile, with 38% owner-occupied and 62% renter-occupied units. Cost of living in this part of Grand Rapids is lower than the national baseline, with an index of 88 (100 = national average). With a college-education rate of 37% and an unemployment rate of 8.3%, 49503 reflects the economic character of Kent County in Michigan.
| Category | Statistic | Value | vs. National Avg |
|---|---|---|---|
| Population | Total Population | 56,476 | — |
| Population | Density (per sq mi) | 4,140 | — |
| Economics | Median Household Income | $61,154 | ↓ 9% vs nat'l avg |
| Economics | Median Home Value | $415,847 | ↑ 38% vs nat'l avg |
| Economics | Cost of Living Index | 88 | ↓ Lower than avg |
| Economics | Unemployment Rate | 8.3% | ↑ 113% vs nat'l avg |
| Economics | Below Poverty Line | 10.8% | ↓ 5% vs nat'l avg |
| Education | College Educated (25+) | 37% | ↑ 6% vs nat'l avg |
| Demographics | Median Age | 28.1 yrs | ↓ 27% vs nat'l avg |
| Housing | Owner-Occupied | 38% | — |
| Housing | Renter-Occupied | 62% | — |
| Housing | Total Housing Units | 27,673 | — |