Cost of Living in Holland, MI

Population 34,266 · Michigan · Data vintage 2023

81
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Holland lands reasonably close to national benchmarks on most cost indicators, with a median home value of $236,000 — 23% below the US figure. That makes it a useful reference point for comparing with more extreme markets in Michigan. An unemployment rate of 2.1% points to a labor market well on the tight side of the national distribution.

Geographically, Holland is about 25 miles southwest of Grand Rapids, the nearest large metro. Housing prices track closely with Grand Rapids' $226,000 median.

Cost Overview

Housing 77
Rent 87

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Holland

The median home value in Holland is $235,800 — 23% below the national median of $305,000. Median rent runs $1,143/month, 13% lower than the national median of $1,314/month. The median household income of $72,905/year is 2% lower than the US median of $74,580. The local unemployment rate is 2.1%, below the national average of 4.8%. Michigan's top state income tax rate is 4.3% and the combined sales tax is 6.0%. The climate averages highs of 57.9°F and lows of 40.6°F. Overall, Holland has a cost of living index of 81 versus the US average of 100, meaning it is 19% less expensive.

🏠 Housing

Median Home Value
$235,800
23% below avg
Zillow Home Value
$359,820
Zillow ZHVI
Median Rent
$1,143/mo
13% below avg
Zillow Rent
$1,660/mo
Zillow ZORI
Price-to-Rent Ratio
17.2x
Favors buying
Property Tax Rate
1.5%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$707
1 BR
$780
2 BR
$962
3 BR
$1,290
4 BR
$1,444
Owner-occupied 67.6%
Renter-occupied 32.4%

💰 Estimated Monthly Budget

Rent median rent
$1,143
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,757/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
18.8 min
30% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
8.8%

Commute Mode

Drove alone
71.2%
Carpooled
8.8%
Public transit
0.5%
Walked
8.4%
Bicycle
1.2%
Work from home
8.8%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.3%
Total Sales Tax 6.0%
State rate 6.0%
Avg local rate 0.0%
Property Tax 1.5%

💼 Income & Employment

Median Household Income
$72,905
2% below avg
Per Capita Income
$35,947
Unemployment Rate
2.1%
56% below avg
Poverty Rate
10.9%
Labor Force Participation
67.3%

🎓 Education

Bachelor's degree+ 18.6%
Graduate degree 16.0%

👥 Demographics

Median Age 32
Male median age 31.3
Female median age 33.3

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
57.9°F
Avg Low
40.6°F
Annual Precip
34.8"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 323444576978828074614837
Low °F 202128374858626052433426
Precip" 1.871.772.073.503.763.452.803.062.954.223.202.11

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 51 — Moderate
49.4%
Good air days/yr
227
Max AQI recorded
251
PM2.5 days
105
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

88%
4-Year Graduation Rate
16.6:1
Student-teacher ratio
20
Public schools
9,873
Total enrollment

Frequently Asked Questions

What is the cost of living in Holland, MI?

Holland has a cost index of 81 (100 = national average). It is 19% below the national average.

What is average rent in Holland, MI?

The median gross rent in Holland is $1,143 per month based on 2023 Census data.

What is the average home price in Holland?

The median home value in Holland is $235,800 according to Zillow and Census data.

What is the median income in Holland?

The median household income in Holland is $72,905 per year (2023 ACS 5-year estimates).

What is the sales tax in Holland, MI?

The combined state and local sales tax rate in Holland is 6.0%. The Michigan state income tax top rate is 4.3%.

Is Holland, MI affordable?

Yes, Holland is generally considered affordable, with a cost of living index of 81 — about 19% below the US national average of 100.

What is the weather like in Holland?

Holland has average high temperatures of 57.9°F and average lows of 40.6°F. Annual precipitation is 34.8". Data from NOAA 1991–2020 Climate Normals.

Holland at a Glance

Population
34,266
Median Income
$72,905
Home Value
$235,800
Median Rent
$1,143/mo
Unemployment
2.1%
Avg High Temp
57.9°F
Sales Tax
6.0%
View all cities in Michigan →
🗺️ County data for Michigan

Explore county-level cost of living data

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