Housing costs in Holland?
A typical home costs
$292,700, which is 13.4% less expensive than the national average of
$338,100 and 33.8% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Holland costs
$1,150 per month, which is 19.6% cheaper than the national average of
$1,430 and 4.3% more than the state average of
$1,100.
Can I afford Holland?
To live comfortably in Holland, Michigan, a minimum annual income of
$56,160 for a family, and
$40,800 for a single person is recommended.
What does A.I. say about Holland?
The cost of living in Holland, MI is relatively low compared to other cities in Michigan. According to BestPlaces, the overall cost of living index for Holland is approximately 8% lower than the state average. Groceries, transportation expenses, and healthcare costs are all slightly lower than the Michigan average. Housing costs in Holland are generally very affordable with an average home costing about $123,400 compared to the Michigan average of around $164,500. Renters can find a one-bedroom apartment for an average of $677 per month in Holland, which is significantly lower than the Michigan median rent of $875 per month. All in all, Holland offers a very reasonable cost of living that allows residents to enjoy a good quality of life without having to stretch their budget too far.