Cost of Living in Holt, MI

Population 25,275 · Michigan · Data vintage 2023

82
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Holt offers a notably favorable income-to-housing ratio for its region. The typical home — $213,000 — costs less than 2.4 times median household income of $87,827, a threshold many coastal markets passed a decade ago. At 6.4%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Located 5 miles southeast of Lansing, Holt falls within that metro's commuting orbit. Median home values run roughly 79% higher than Lansing's $119,000.

Cost Overview

Housing 70
Rent 101

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

About the Cost of Living in Holt

The median home value in Holt is $213,200 — 30% below the national median of $305,000. Median rent runs $1,323/month, 1% higher than the national median of $1,314/month. The median household income of $87,827/year is 18% higher than the US median of $74,580. The local unemployment rate is 6.4%, 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%. The climate averages highs of 57.9°F and lows of 39.2°F, with about 50.2" of annual snowfall. Overall, Holt has a cost of living index of 82 versus the US average of 100, meaning it is 18% less expensive.

🏠 Housing

Median Home Value
$213,200
30% below avg
Zillow Home Value
$262,444
Zillow ZHVI
Median Rent
$1,323/mo
1% above avg
Zillow Rent
$1,996/mo
Zillow ZORI
Price-to-Rent Ratio
13.4x
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 65.6%
Renter-occupied 34.4%

💰 Estimated Monthly Budget

Rent median rent
$1,323
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,937/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
23.6 min
13% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
14.1%

Commute Mode

Drove alone
72.8%
Carpooled
10.1%
Public transit
0.6%
Walked
1.3%
Bicycle
0.1%
Work from home
14.1%

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
$87,827
18% above avg
Per Capita Income
$41,869
Unemployment Rate
6.4%
33% above avg
Poverty Rate
11.1%
Labor Force Participation
69.5%

🎓 Education

Bachelor's degree+ 23.2%
Graduate degree 17.8%

👥 Demographics

Median Age 38.4
Male median age 37.6
Female median age 39.1

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
57.9°F
Avg Low
39.2°F
Annual Precip
33.3"
Annual Snowfall
50.2"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 313444586979838174614736
Low °F 171826364857616052413223
Precip" 2.061.712.133.263.663.762.943.482.813.162.461.90
Snow" 14.312.95.91.70.00.00.00.00.00.23.911.3

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
63.1%
Good air days/yr
194
Max AQI recorded
183
PM2.5 days
178
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

84%
4-Year Graduation Rate
17.2:1
Student-teacher ratio
9
Public schools
5,440
Total enrollment

Frequently Asked Questions

What is the cost of living in Holt, MI?

Holt has a cost index of 82 (100 = national average). It is 18% below the national average.

What is average rent in Holt, MI?

The median gross rent in Holt is $1,323 per month based on 2023 Census data.

What is the average home price in Holt?

The median home value in Holt is $213,200 according to Zillow and Census data.

What is the median income in Holt?

The median household income in Holt is $87,827 per year (2023 ACS 5-year estimates).

What is the sales tax in Holt, MI?

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

Is Holt, MI affordable?

Yes, Holt is generally considered affordable, with a cost of living index of 82 — about 18% below the US national average of 100.

What is the weather like in Holt?

Holt has average high temperatures of 57.9°F and average lows of 39.2°F. Annual precipitation is 33.3". Average annual snowfall is 50.2". Data from NOAA 1991–2020 Climate Normals.

Holt at a Glance

Population
25,275
Median Income
$87,827
Home Value
$213,200
Median Rent
$1,323/mo
Unemployment
6.4%
Avg High Temp
57.9°F
Sales Tax
6.0%
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