Holland, MI is a great place to live for those looking for an affordable cost of living. The average two bedroom rent in Holland, MI is $1,150 which is much lower than the US average of $1,430. The Grocery Cost Index in Holland, MI also shows that groceries are more affordable with a score of 96 versus 100 in the US. There are numerous local businesses providing job opportunities such as Haworth Inc., Herman Miller Inc., and Gentex Corp. All three have been around for decades and provide several career paths from entry-level to executive roles. With its affordable cost of living and numerous job opportunities Holland, MI is a great place to call home.
Holland has an unemployment rate of 5.0%. The US average is 6.0%.
Holland has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 32.0%, which is lower than the US average of 33.5%.
Tax Rates for Holland
- The Sales Tax Rate for Holland is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Holland is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Holland
- The average income of a Holland resident is $21,044 a year. The US average is $28,555 a year.
- The Median household income of a Holland resident is $63,853 a year. The US average is $69,021 a year.