Cost of Living in Holland, MI
Housing
The housing market plays a significant role in determining the cost of living in Holland, MI.
- Housing Index: 85.0 / 100
- Median Home Price is: $212,100
- Average Rent (2 BR Apartment): $1500 per month
- Average Rent (2 BR House): $1515 per month
Considering a move to Holland, MI? With a population of , this city boasts a relatively young median age of . The community is characterized by a stable economic environment, illustrated by a median income of and a manageable unemployment rate of . Additionally, married families represent 34.0% of households, suggesting a family-friendly atmosphere. However, at a poverty level of %, some residents may face financial challenges. Overall, Holland appears to offer a balanced lifestyle with growth potential, attracting young professionals and families alike.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Holland, MI.
- Electricity Price: $19.88 USD (median by state)
- Natural Gas Price: $15.42 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Holland, MI could entail higher utility costs. Electricity costs sit at $19.88, while natural gas is priced at $15.42 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Holland is a financially viable option for your relocation.