Cost of Living in Gaylord, MI
Housing
The housing market plays a significant role in determining the cost of living in Gaylord, MI.
- Housing Index: Data is updating
- Median Home Price is: $187,500
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Analyzing the housing market in Gaylord, MI, we observe a housing index of 0.0. The median home price currently stands at 187500, indicating relatively affordable housing options compared to national averages. However, the average rent for a 2-bedroom apartment and house both being $0 might suggest limited availability or an evolving rental market. Potential buyers should take into consideration economic factors such as job growth and schools before moving. If you’re seeking a place with low entry costs into real estate, Gaylord could be worth considering!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Gaylord, 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 Gaylord, 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 Gaylord is a financially viable option for your relocation.