Holt, MI is a small city in the Lansing metropolitan area. With a population of just under 21,000 people, it has plenty to offer its residents in terms of culture and affordability. The 2 bedroom rent in Holt is $1,080 as compared with the US average of $1,430. Residents can also benefit from the city’s lower grocery cost index (94) versus the US average (100).
Holt is home to several well-known business such as Advanced Technology Services Inc., which provides maintenance services for industrial machines; Motor Wheel Corporation, an automotive wheel manufacturer; and ITC Holdings Corporation–the largest independent power transmission company in the United States.
The city has plenty of attractions that draw visitors from all over Michigan like Hawk Island Park–which offers swimming and playscape areas–and Potter Park Zoo–where families can view exotic animals from around the world. There are also several local parks providing outdoor recreation opportunities for residents such as fishing, hiking trails and playgrounds.
From its affordable rent to its proximity to family-friendly activities and businesses, Holt is an ideal place to call home. With a low cost of living and numerous amenities, it’s no wonder that so many people choose to live in Holt!
Holt has an unemployment rate of 5.2%. The US average is 6.0%.
Holt has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Holt
- The Sales Tax Rate for Holt is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Holt 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 Holt
- The average income of a Holt resident is $29,451 a year. The US average is $28,555 a year.
- The Median household income of a Holt resident is $74,169 a year. The US average is $69,021 a year.