Cost of Living in Lake city, MI
Housing
The housing market plays a significant role in determining the cost of living in Lake city, 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
Considering a move to Lake city, MI? The current median home price stands at 250000, a figure that suggests potential for appreciation, especially in a vibrant market. However, the housing index indicates that affordability may be a challenge, with both averages for rent, 0.0 and 0.0, being unspecified. This points to a potentially scarce rental market within the area. It’s important to explore local job opportunities, school quality, and overall neighborhood feel when making your decision, ensuring your financial comfort aligns with lifestyle needs.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lake city, 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 Lake city, 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 Lake city is a financially viable option for your relocation.