Holland, IN Economy


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Holland, IN is a great place to live with many amenities. Rent for two bedroom apartments is significantly lower than the U.S. average at $950 per month, and grocery costs are 91 on the cost index compared to 100 in the U.S., so overall it is an affordable place to settle down. There are lots of local companies and venues in Holland that offer interesting attractions for its residents. A few notable ones are Lakeside Park & Beach which features a swimming beach, fishing pier, bike trails and a large playground; DeZwaan Windmill which is the only working Dutch windmill in the United States; Saugatuck Dunes State Park which offers stunning dune formations, trails for hiking and biking, beach access, campgrounds, picnic areas and more; Teersma Farms which offers pick-your-own fruit events throughout the year; and Hoogerhyde Safe & Lock Co., Inc., where visitors can learn all about locksmithing from a family-run business that has been around since 1875.

Holland has an unemployment rate of 3.4%. The US average is 6.0%.

Holland has seen the job market increase by 1.0% 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 Holland
- The Sales Tax Rate for Holland is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Holland is 4.2%. 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 $16,702 a year. The US average is $28,555 a year.
- The Median household income of a Holland resident is $56,875 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHolland, IndianaUnited States
  3.46
  -4.7%-6.2%
  34.5%33.5%
  7.0%6.2%
  4.2%4.6%
  $22,930$37,638
  $56,875$69,021
  $59,643$85,028
  Population by Occupation
  0.3%1.2%
  0.0%0.5%
  2.0%6.8%
  42.7%10.0%
  1.4%2.5%
  5.6%11.0%
  0.8%4.8%
  0.0%0.8%
  0.8%1.9%
  8.1%4.7%
  0.0%1.9%
  0.8%7.6%
  0.0%0.1%
  6.4%4.2%
  4.5%9.3%
  14.0%14.0%
  2.8%2.1%
  5.3%7.0%
  3.6%4.8%
  0.8%4.7%
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