It is located on the Grand River and the second-largest city in Michigan. Grand Rapids has been a historical figure for being known as the furniture-manufacturing hub and home to some of the world’s leading office furniture companies. The city, along with its surrounding communities in the area, is economically diverse as the economy has been revitalized by the industries in health care, automotive, aviation, information technology, and others. Grand Rapids’ cost of living is lower compared to other major cities nearby. The city’s income average is smaller compared to the national average. Residents can still be able to stretch their dollars as the housing prices are lower.