Cost of Living in Bedford, MI
Housing
The housing market plays a significant role in determining the cost of living in Bedford, MI.
- Housing Index: Data is updating
- Median Home Price is: $239,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
In evaluating your potential move to Bedford, MI, it’s essential to note the current housing dynamics. With a housing index of 0.0, this suggests limited activities within the real estate market. The median home price stands at 239000, which indicates potential affordability for buyers. However, both the average rents for a 2-bedroom apartment and house are currently listed as nonexistent. This lack of rental data might signal an unusually small rental market or potential opportunities for investment in housing development. These insights can greatly assist in planning your relocation effectively.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Bedford, MI.
- Electricity Price: $19.88 USD (median by state)
- Natural Gas Price: $15.42 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Bedford, MI could entail higher utility costs. Electricity costs sit at $19.88, while natural gas is priced at $15.42 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bedford is a financially viable option for your relocation.