Cost of Living in Huntington woods, MI
Housing
The housing market plays a significant role in determining the cost of living in Huntington woods, MI.
- Housing Index: 110.0 / 100
- Median Home Price is: $295,000
- Average Rent (2 BR Apartment): $1500 per month
- Average Rent (2 BR House): $1360 per month
When considering a move to Huntington woods, MI, the housing index of 110.0 suggests the market is moderately more expensive than the national average. The median home price of 295000 reflects a significant investment, while the average rent for a 2-bedroom apartment and house is set at 1500 and 1360, respectively. It's essential to weigh these costs against your income and lifestyle preferences. Additionally, consider the local amenities, school quality, and job opportunities which can greatly influence your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Huntington woods, 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 Huntington woods, 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 Huntington woods is a financially viable option for your relocation.