Cost of Living in Melvindale, MI
Housing
The housing market plays a significant role in determining the cost of living in Melvindale, MI.
- Housing Index: 90.0 / 100
- Median Home Price is: $100,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
When considering a move to Melvindale, MI, the current housing index of 90.0 indicates affordability, especially with a median home price of 100000. The average rent for a 2-bedroom apartment is $1200 and a 2-bedroom house averages $1280. These costs are competitive compared to national averages, suggesting that housing remains accessible for families and individuals alike. Furthermore, the low housing index may reflect a stable market with room for potential growth, making it an intriguing place to consider relocating for better value in real estate with your budget in mind.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Melvindale, 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 Melvindale, 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 Melvindale is a financially viable option for your relocation.