Holly, MI is a small city with a population of 3,538 people located in Oakland County. It is known for its quaint downtown area and historical sites like the old Michigan State Hospital. The cost of living in Holly is slightly lower than the national average. For example, the 2 bedroom rent in Holly is $1,210 per month while it is $1,430 nationwide. Grocery Cost Index in Holly also stands at 97 compared to 100 in the US. Some local companies from Holly include Fenton Construction Company, Big Boy Restaurant Group, and Genesee Valley Pipe & Supply Co., Inc. All these factors make Holly an affordable place to live with plenty of job opportunities.
Holly has an unemployment rate of 3.5%. The US average is 6.0%.
Holly has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Holly
- The Sales Tax Rate for Holly is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Holly 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 Holly
- The average income of a Holly resident is $22,743 a year. The US average is $28,555 a year.
- The Median household income of a Holly resident is $54,206 a year. The US average is $69,021 a year.