Holly township, MI Economy


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Holly Township, MI is a small town located in Oakland County, known for its beautiful landscapes and welcoming community. It is an affordable place to live with 2 bedroom rent averaging around $1,210 a month. The cost of groceries in Holly Township is slightly lower than the average US index at 97 compared to 100. There are several local businesses in the area including Parkers Pet Hospital and Koch Farms. For those looking for something to do, there are plenty of nearby attractions like Red Oaks Waterpark, Meadow Brook Hall Historic Museum, and the Detroit Zoo.

Holly township has an unemployment rate of 3.5%. The US average is 6.0%.

Holly township 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 township
- The Sales Tax Rate for Holly township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Holly township 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 township
- The average income of a Holly township resident is $26,894 a year. The US average is $28,555 a year.
- The Median household income of a Holly township resident is $63,464 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHolly township, MichiganUnited States
  3.56
  -10.6%-6.2%
  38.0%33.5%
  6.0%6.2%
  4.3%4.6%
  $35,526$37,638
  $63,464$69,021
  $84,627$85,028
  Population by Occupation
  1.5%1.2%
  0.3%0.5%
  5.1%6.8%
  22.4%10.0%
  2.1%2.5%
  11.1%11.0%
  1.6%4.8%
  0.3%0.8%
  1.4%1.9%
  4.1%4.7%
  3.4%1.9%
  5.3%7.6%
  0.5%0.1%
  6.1%4.2%
  8.0%9.3%
  12.1%14.0%
  2.0%2.1%
  4.9%7.0%
  4.9%4.8%
  3.0%4.7%
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