Holton, MI is an ideal city for those looking to save money on living expenses. A two bedroom apartment in Holton has a much lower rent than the national rate, at $1,020 compared to $1,430. In addition to rent costs, groceries are also cheaper in Holton as the Grocery Cost Index is 93 compared to the US index of 100. Holton's cost of living is also supplemented by its abundant local business opportunities such as Jenison Automotive Service & Repair and K&K Tax & Accounting Services. With many cost saving advantages, Holton is an attractive place to live and work.
Holton has an unemployment rate of 7.5%. The US average is 6.0%.
Holton has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Holton
- The Sales Tax Rate for Holton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Holton 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 Holton
- The average income of a Holton resident is $18,254 a year. The US average is $28,555 a year.
- The Median household income of a Holton resident is $63,574 a year. The US average is $69,021 a year.