| Index | Holland | Michigan | National |
| Cost of living | 97 | 91 | 100 |
| Groceries | 99 | 98 | 100 |
| Health care | 99 | 97 | 100 |
| Housing | 93 | 76 | 100 |
| Transportation | 100 | 96 | 100 |
| Utilities | 101 | 100 | 100 |
| Lifestyle & Entertainment | 99 | 96 | 100 |
| Household Items | 100 | 98 | 100 |
| Education & Childcare | 97 | 95 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Holland? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Holland stands at 97, making it 3% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
The cost of living in Holland aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, household expenses, health care and utility bills are priced at a level consistent with the average in similar urban areas. Holland residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.
The most insightful perspective on a city comes from its residents. We recently surveyed 5 locals to gauge their perception of the cost of living in Holland. The feedback revealed that 40% of respondents found the cost of living to be reasonable, with prices on the decline, while 60% regarded it as notably expensive with prices that continue to rise.
Is Holland affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Holland, the median home price is 8.2% lower than the national average and monthly rent prices are 4.4% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Holland boasting a median household income of $88,262, 8.5% higher than the national average.
Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Holland, the groceries index is 0.7% lower than the national average.
Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Holland, the prevailing sales tax rate starts at 6%, and income tax rates kick off at 4.25%.
Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Holland, the utilities index stands at 0.8% higher than the national average.
The cost of living estimates displayed for Holland are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
| Cost of living index | |
| Groceries index | |
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $108,943 | $9,079 | $2,542 | $3,269 |
| Renters | $58,098 | $4,842 | $1,356 | $1,743 |
| State | General Sales Tax | With Max Surtax |
| Michigan | 6% | 6% |
| State | Income Tax (Low) | Income Tax (High) |
| Michigan | 4.25% | 4.25% |
| City | Population | Cost of Living Index | National Avg. |
| Fennville, MI | 2,010 | 89 | 11.4% |
| Beechwood, MI | 3,076 | 94 | 5.7% |
| Zeeland, MI | 5,741 | 95 | 4.6% |
| Hudsonville, MI | 7,507 | 96 | 4.4% |
| Jenison, MI | 18,457 | 103 | 2.9% |
| Holland, MI | 34,035 | 97 | 2.6% |
| City | Population | Cost of Living Index | National Avg. |
| Lexington, MA | 34,058 | 210 | 110.4% |
| Hinesville, GA | 34,062 | 95 | 5.0% |
| Parkland, FL | 34,063 | 171 | 71.0% |
| Nacogdoches, TX | 33,996 | 94 | 6.2% |
| Salisbury, MD | 33,988 | 105 | 4.8% |
| Holland, MI | 34,035 | 97 | 2.6% |
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