Zip 49424 (Holland, MI) Cost of Living


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Holland cost of living score
94.3
Less expensive
5.7% lower
than the US average
3.1% higher
than the Michigan average
Holland (zip 49424), Michigan gets a BestPlaces Cost of Living score of 94.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 5.7% lower than the U.S. average and 3.1% lower than the average for Michigan.

Zip 49424 (Holland, MI)

Housing costs in Holland?
A typical home costs $337,100, which is 0.3% less expensive than the national average of $338,100 and 54.1% more expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Holland costs $1,150 per month, which is 19.6% cheaper than the national average of $1,430 and 4.3% more than the state average of $1,100.

Can I afford Holland?
To live comfortably in Holland (zip 49424), Michigan, a minimum annual income of $64,440 for a family, and $40,800 for a single person is recommended.

What does A.I. say about Holland?
The cost of living in 49424 Holland, MI is quite affordable. Groceries, housing and transportation costs are all relatively inexpensive compared to other parts of the country. The median home price is around $161,000, which is much lower than the national average. Property taxes are also low, with an effective tax rate of only 1.6%. Public transportation options include the Rapid bus service and a growing network of bike trails throughout the city. In terms of groceries, there are plenty of large supermarkets and local farmers markets that offer affordable produce and meats. Lastly, utilities such as electricity and water are quite inexpensive compared to other parts of Michigan. All in all, Holland offers a desirable quality of life at an affordable price tag.
   Cost of living score
     CategoriesHollandMichiganUnited States
  94.391.5100.0
  96.993.4100
  81.384.8100.0
  94.171.2100.0
  $337,100$218,700$338,100
  101.2%100.1%100.0%
  92.4115.1100.0
  97.295.9100.0

   100=National Average

   Average Rent by Bedroom Size
Crime