Cost of Living in Fife lake, MI
Housing
The housing market plays a significant role in determining the cost of living in Fife lake, MI.
- Housing Index: Data is updating
- Median Home Price is: $234,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Analyzing the real estate scenario in Fife lake, MI, the 0.0 index currently stands at 0.0, indicating a potentially stagnant housing market. The median home price is surprisingly reasonable at 234000, making homeownership an accessible option. However, with both average rent for 2BR apartments and houses at 0.0, this suggests either extremely low demand or highly infrequent renting occasions. This environment may favor buyers over renters and could indicate an opportunity for long-term investment. Investigate local amenities and market trends further to maximize your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fife lake, 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 Fife lake, 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 Fife lake is a financially viable option for your relocation.