Holland, MI Metro Area is a great place to live with its low costs of living. The average rent for a two bedroom apartment is $970 compared to the national average of $1,430. The grocery cost index in Holland is also 96 versus the nation's 100 index, making groceries more affordable for people living in this area. There are many businesses located in Holland, including Herman Miller, Haworth Inc., and GE Aviation Systems. All of these companies offer a diverse range of jobs and provide locals with plenty of economic opportunities. In addition, there are also many independent businesses that residents can support, such as local restaurants and shops. It's no wonder that Holland has become a desirable location to settle down and start a family.
Holland Metro Area has an unemployment rate of 5.1%. The US average is 6.0%.
Holland Metro Area has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Holland Metro Area
- The Sales Tax Rate for Holland Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Holland Metro Area 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 Holland Metro Area
- The average income of a Holland Metro Area resident is $24,599 a year. The US average is $28,555 a year.
- The Median household income of a Holland Metro Area resident is $70,269 a year. The US average is $69,021 a year.