Cost of Living in Holly, MI
Population 5,971 · Michigan · Data vintage 2023
(100 = US avg)
Holly sits on the smaller end of the Michigan city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. Unemployment has stayed elevated relative to the national figure — 6.7% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Located 35 miles west of Sterling Heights, Holly falls within that metro's commuting orbit. Median home values run roughly 33% lower than Sterling Heights' $261,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Holly
The median home value in Holly is $174,900 — 43% below the national median of $305,000. Median rent runs $974/month, 26% lower than the national median of $1,314/month. The median household income of $61,221/year is 18% lower than the US median of $74,580. The local unemployment rate is 6.7%, above the national average of 4.8%. Michigan's top state income tax rate is 4.3% and the combined sales tax is 6.0%. Overall, Holly has a cost of living index of 64 versus the US average of 100, meaning it is 36% less expensive.
Holly has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Holly, MI?
Holly has a cost index of 64 (100 = national average). It is 36% below the national average.
What is average rent in Holly, MI?
The median gross rent in Holly is $974 per month based on 2023 Census data.
What is the average home price in Holly?
The median home value in Holly is $174,900 according to Zillow and Census data.
What is the median income in Holly?
The median household income in Holly is $61,221 per year (2023 ACS 5-year estimates).
What is the sales tax in Holly, MI?
The combined state and local sales tax rate in Holly is 6.0%. The Michigan state income tax top rate is 4.3%.
Is Holly, MI affordable?
Yes, Holly is generally considered affordable, with a cost of living index of 64 — about 36% below the US national average of 100.
Holly at a Glance
- Population
- 5,971
- Median Income
- $61,221
- Home Value
- $174,900
- Median Rent
- $974/mo
- Unemployment
- 6.7%
- Sales Tax
- 6.0%
Nearby Cities
Explore county-level cost of living data
Michigan Rankings
Similar Cost Cities
Cities in other states with comparable housing costs