Holmes, MI Cost of Living


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How much do I need to live in Holmes, Michigan?
$2,010 / month
for a family, 62.8% less expensive than the national average A total of $24,120 for the year for a family.
$2,300 / month
for a single person, 51.8% less expensive than the national average A total of $27,600 for the year for a single person.

Holmes cost of living score
79.9
Less expensive
20.1% lower
than the US average
12.7% lower
than the Michigan average
Holmes, Michigan gets a BestPlaces Cost of Living score of 79.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 20.1% lower than the U.S. average and 12.7% higher than the average for Michigan.

Holmes, MI

Housing costs in Holmes?
A typical home costs $126,800, which is 62.5% less expensive than the national average of $338,100 and 42.0% less expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Holmes costs $820 per month, which is 42.7% more than the national average of $1,430 and 34.1% more than the state average of $1,100.

Can I afford Holmes?
To live comfortably in Holmes, Michigan, a minimum annual income of $24,120 for a family, and $27,600 for a single person is recommended.

What does A.I. say about Holmes?
The cost of living in Holmes, MI is very affordable. The median home price is around $140,000, making it an attractive option for those looking to purchase a home. In addition, the monthly cost of goods and services in Holmes is below the national average, helping to make it an ideal location for those on a budget. The area also offers access to great schools and plenty of outdoor recreation opportunities, making it a great place to live and raise a family.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesHolmesMichiganUnited States
    Unlock91.5100.0
  91.2  Unlock100.0
    Unlock84.8100.0
  47.8  Unlock100.0
    Unlock$218,700$338,100
  112.9  Unlock100.0
    Unlock115.1100.0
  78.3  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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