Cost of Living in Montague, MI
Housing
The housing market plays a significant role in determining the cost of living in Montague, MI.
- Housing Index: 90.0 / 100
- Median Home Price is: $248,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1300 per month
Considering a move to Montague, MI? With a housing index of 90.0, it appears that the cost of living is relatively affordable. The median home price of 248000 makes homeownership accessible, while the average rent for a 2-bedroom apartment is 1200 and a house is 1300. It's important to note that living in a sought-after neighborhood may slightly elevate these costs. Overall, Montague offers a balanced housing market for both renters and potential homeowners, paving the way for a reasonable lifestyle especially for families or individuals looking to settle.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Montague, 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 Montague, 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 Montague is a financially viable option for your relocation.