Holland, OH Economy


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Holland, OH is a city in Northwest Ohio that offers its residents an affordable cost of living. The average rent for a two-bedroom apartment is $1,140 as compared to the US average of $1,430. Additionally, grocery costs are much lower in Holland than the rest of the US with an index of 96 versus 100. This makes Holland a great place to call home for both families and those on a budget. There are many local companies in Holland including G&M Plumbing & Heating, Office Products Group Inc., SCC Advanced Manufacturing, and Sky Technologies Inc., all providing quality goods and services to the community.

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

Holland has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 23.4%, which is lower than the US average of 33.5%.

Tax Rates for Holland
- The Sales Tax Rate for Holland is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Holland is 5.7%. 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 $25,797 a year. The US average is $28,555 a year.
- The Median household income of a Holland resident is $59,231 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHolland, OhioUnited States
  66
  -6.8%-6.2%
  23.4%33.5%
  7.3%6.2%
  5.7%4.6%
  $35,191$37,638
  $59,231$69,021
  $74,583$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  4.9%6.8%
  24.2%10.0%
  4.0%2.5%
  14.9%11.0%
  1.6%4.8%
  0.0%0.8%
  0.4%1.9%
  2.9%4.7%
  2.5%1.9%
  3.7%7.6%
  0.0%0.1%
  4.1%4.2%
  3.3%9.3%
  20.0%14.0%
  1.7%2.1%
  3.5%7.0%
  3.2%4.8%
  4.9%4.7%
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