Holly, MI Cost Of Living
Cost Of Living In Holly, MI Summary
Cost of living in Holly research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Holly is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Michigan, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Holly is 91, with 100 being the average.
The cost of living index in Holly is 0.9x lower than the national average.
Holly ranks as the #94 cheapest in Michigan out of 175.
Holly ranks as the #1,804 cheapest out of 6,412 in the US.
The median home value in Holly is $133,400.
The median income in Holly is $54,206.
Table Of Contents
Holly's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Holly, MI?
According to the most recent data on the cost of living, Holly has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to Michigan, Holly has a cost of living index that's 1.0x lower than Michigan's index of 92.
The standard of living in Holly ranks as #94 most affordable out of the 175 places we measured in Michigan. By definition, that implies Holly ranks as the #81 most expensive place in the Wolverine State.
For more reading on life in Holly, check out:
- Living In Holly
- Holly Crime Report
- Search Homes For Sale In Holly, MI
In Michigan
In America
Holly Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Holly. Here is how it fairs on each of the criteria:
The Services index in Holly is 108.
The Groceries index in Holly is 99.
The Health index in Holly is 98.
The Housing index in Holly is 59.
The Transportation index in Holly is 109.
The Utilities index in Holly is 97.
| Living Expense | Holly | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 91 | 92 | 100 | |
| Services | 108 | 96 | 100 | |
| Groceries | 99 | 96 | 100 | |
| Health | 98 | 94 | 100 | |
| Housing | 59 | 80 | 100 | |
| Transportation | 109 | 97 | 100 | |
| Utilities | 97 | 100 | 100 | |
Holly, MI Housing Cost Breakdown
Housing swings affordability the most between places in Michigan, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Holly is $133,400.
The Median Rent in Holly is $827.
The Median Income in Holly is $54,206.
The Home Value To Income in Holly is 2.5x.
The Rent To Monthly Income in Holly is 0.18x.
| Statistic | Holly | Michigan | United States |
|---|---|---|---|
| Median Home Value | $133,400 | $172,100 | $244,900 |
| Median Rent | $827 | $946 | $1,163 |
| Median Income | $54,206 | $63,202 | $69,021 |
| Home Value To Income | 2.5x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Holly, MI Costs By Category
Detailed Holly Services Costs Vs. Michigan
Detailed Holly Groceries Costs Vs. Michigan
Detailed Holly Health Costs Vs. Michigan
Detailed Holly Transportation Costs Vs. Michigan
Detailed Holly Utilities Costs Vs. Michigan
Holly SnackAbility
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Cost Of Living In Cities Around Holly
The cost of living varies in the cities and towns around Holly. Here's a quick look at the cost of living in the most populous nearby places:
Pontiac, MI has a cost of living index of 88, 1.0x Holly.
Burton, MI has a cost of living index of 89, 1.0x Holly.
Wixom, MI has a cost of living index of 101, 1.1x Holly.
| City | Population | Cost Of Living | Vs. Holly |
|---|---|---|---|
| Pontiac, MI | 61,498 | 88 | 1.0x |
| Burton, MI | 29,532 | 89 | 1.0x |
| Wixom, MI | 16,853 | 101 | 1.1x |
| Fenton, MI | 11,949 | 92 | 1.0x |
| Grand Blanc, MI | 8,055 | 97 | 1.1x |
| Walled Lake, MI | 7,263 | 94 | 1.0x |
| Milford, MI | 6,511 | 99 | 1.1x |
| Lake Fenton, MI | 6,092 | 103 | 1.1x |
| Swartz Creek, MI | 5,839 | 92 | 1.0x |
