Cost of living in Holt 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 Holt 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 Holt is 86, with 100 being the average.
The cost of living index in Holt is 0.9x lower than the national average.
Holt ranks as the #53 cheapest in Michigan out of 175.
Holt ranks as the #938 cheapest out of 6,412 in the US.
The median home value in Holt is $169,900.
The median income in Holt is $74,169.
According to the most recent data on the cost of living, Holt has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to Michigan, Holt has a cost of living index that's 0.9x lower than Michigan's index of 92.
The standard of living in Holt ranks as #53 most affordable out of the 175 places we measured in Michigan. By definition, that implies Holt ranks as the #122 most expensive place in the Wolverine State.
For more reading on life in Holt, check out:
Six factors go into calculating the cost of living index in Holt. Here is how it fairs on each of the criteria:
The Services index in Holt is 88.
The Groceries index in Holt is 76.
The Health index in Holt is 96.
The Housing index in Holt is 85.
The Transportation index in Holt is 95.
The Utilities index in Holt is 97.
|Living Expense||Holt||Michigan||National Average|
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 Holt is $169,900.
The Median Rent in Holt is $1,102.
The Median Income in Holt is $74,169.
The Home Value To Income in Holt is 2.3x.
The Rent To Monthly Income in Holt is 0.18x.
|Median Home Value||$169,900||$172,100||$244,900|
|Home Value To Income||2.3x||2.7x||3.5x|
|Rent To Monthly Income||0.18x||0.18x||0.2x|
The cost of living varies in the cities and towns around Holt. Here's a quick look at the cost of living in the most populous nearby places:
Lansing, MI has a cost of living index of 85, 1.0x Holt.
East Lansing, MI has a cost of living index of 95, 1.1x Holt.
Okemos, MI has a cost of living index of 101, 1.2x Holt.