Cost of Living in Harbor beach, MI
Housing
The housing market plays a significant role in determining the cost of living in Harbor beach, MI.
- Housing Index: 90.0 / 100
- Median Home Price is: $145,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1360 per month
Analyzing the data for Harbor beach, MI, we see a housing index of 90.0, indicating it's relatively affordable compared to the national average. The median home price of 145000 suggests entry-level prices are reasonable for homebuyers. Renting could be a practical choice, as the average rent for a 2-bedroom apartment is 1200, while a 2-bedroom house averages 1360. With these figures, potential residents should weigh whether to rent or buy based on their budget and long-term plans, as this area presents both affordable options and opportunities for building equity.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Harbor beach, 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.): $250 per month
Living in Harbor beach, 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 $250 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 Harbor beach is a financially viable option for your relocation.