Cost of Living in Hillsdale, MI
Housing
The housing market plays a significant role in determining the cost of living in Hillsdale, MI.
- Housing Index: Data is updating
- Median Home Price is: $143,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering the data provided for Hillsdale, MI, it appears that the housing index is currently at 0.0, indicating a potentially challenging market for housing. With a median home price of 143000, the area remains moderately priced compared to national averages. However, the absence of specific rental prices for 2-bedroom apartments and houses weakens the overall understanding of the rental market in Hillsdale. Generally, a low housing index could suggest better investment opportunities but might also indicate lower demand. Local amenities, schools, and job markets should be researched further before making a relocation decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hillsdale, 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 Hillsdale, 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 Hillsdale is a financially viable option for your relocation.