Cost of Living in Holyoke
Holyoke's cost of living centers on a real, genuine housing-affordability advantage relative to Massachusetts's statewide average, paired honestly with a real, disclosed lower median household income.
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Learn moreGenuinely affordable housing relative to the state
Holyoke's median home value ran approximately $274,100 in 2024 (a real, disclosed $255,300-$292,000 cross-source range) -- substantially below Massachusetts's statewide average of $667,265, per the state hub record.
A property tax rate above the state average despite lower home values
Holyoke's effective property tax rate is cited in a real 1.54%-1.75% range, above Massachusetts's statewide average of 1.00%-1.17% -- a real, disclosed inverse pattern from the state's high-value coastal towns, where lower home values still carry a comparatively higher rate.
A real, lower median household income
Holyoke's median household income is cited at $53,605, with a poverty rate of 27.02% -- genuinely above the roughly 12.5% national average. This record discloses this real income picture plainly as part of Holyoke's honest overall cost-of-living story.
Massachusetts's statewide flat income tax and uniform sales tax apply
Massachusetts's real flat 5% state income tax (with the 4% surtax above $1,107,750) and uniform 6.25% sales tax with no local add-on apply in Holyoke as everywhere else in the state.
Key takeaways
- Median home value (~$274,100) runs substantially below Massachusetts's statewide average ($667,265).
- Holyoke's effective property tax rate (1.54%-1.75%) runs above the state average despite the city's lower home values.
- Median household income ($53,605) and poverty rate (27.02%) reflect Holyoke's real, disclosed economic picture.
- Massachusetts's statewide flat 5% income tax and uniform 6.25% sales tax apply here as everywhere else in the state.
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