Holt, MI

Below Avg · 84

Michigan · Population 25,275 · Updated March 2026

$1,323
Median Rent / Month
$87,827
Median Income
$213,200
Median Home Value
$1,313
Owner Costs / Month

Affordability

How far your income goes in Holt

18.1%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Michigan

State-level tax rates that affect your costs

4.25%
Income Tax (Top Rate)
6.0%
Sales Tax
1.38%
Property Tax Rate

Estimated Annual Costs

$15,876
Annual Rent
$3,733
State Income Tax
$2,942
Property Tax (est.)

Cost of Living Overview

Holt is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 84 (where 100 equals the national median), Holt residents can expect to pay median rent of $1,323/month while earning a median household income of $87,827/year.

The median home value in Holt, MI is $213,200, with typical monthly owner costs around $1,313 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.1% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Michigan has a moderate income tax rate of 4.25%. Combined with a 6.0% sales tax rate and 1.38% effective property tax rate, the overall tax environment is a factor in the total cost of living in Holt.

Frequently Asked Questions

Common questions about living costs in Holt

What is the cost of living in Holt, MI?
The cost of living index in Holt, MI is 84 (US average = 100). Median monthly rent is $1,323, median household income is $87,827/year, and the median home value is $213,200.
Is Holt, MI affordable?
Yes, Holt is more affordable than the national average with a cost index of 84. The rent-to-income ratio is 18.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Holt, MI?
The median gross rent in Holt, MI is $1,323 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,876.
What is the median household income in Holt?
The median household income in Holt, MI is $87,827 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Michigan?
Michigan has a top income tax rate of 4.25%, a sales tax of 6.0%, and an effective property tax rate of 1.38%.