Cost of Living in Ida, MI
Housing
The housing market plays a significant role in determining the cost of living in Ida, MI.
- Housing Index: Data is updating
- Median Home Price is: $250,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
In considering a move to Ida, MI, the housing market appears favorable. With a median home price of 250000, homebuyers might find it an appealing opportunity for investment or creating home equity. However, with the housing index at 0.0, it's crucial to evaluate the overall health of the market. Lack of data on average rentals suggests limited availability, potentially pointing to a competitive rental scenario. Prospective residents should also consider factors such as local amenities, school quality, and job opportunities to make an informed decision beyond housing alone.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Ida, 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 Ida, 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 Ida is a financially viable option for your relocation.