Cost of Living in Paw paw, MI
Housing
The housing market plays a significant role in determining the cost of living in Paw paw, MI.
- Housing Index: 85.0 / 100
- Median Home Price is: $227,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1120 per month
In Paw paw, MI, the housing index stands at 85.0, indicating a moderately affordable market. With a median home price of 227000, purchasing a home might be a viable option for those looking to invest. Rent prices are competitive too, with an average of 1200 for a 2BR apartment and 1120 for a 2BR house, appealing to renters and families alike. Overall, residents can expect a balanced housing market that caters to both buyers and renters while offering relative affordability compared to national averages.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Paw paw, 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.): $200 per month
Living in Paw paw, 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 $200 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 Paw paw is a financially viable option for your relocation.