Cost of Living in Powers, MI
Housing
The housing market plays a significant role in determining the cost of living in Powers, MI.
- Housing Index: 95.0 / 100
- Median Home Price is: $142,500
- Average Rent (2 BR Apartment): $800 per month
- Average Rent (2 BR House): $816 per month
Considering moving to Powers, MI? With a housing index of 95.0, this area remains affordable compared to national averages. The median home price is a reasonably priced 142500, catering to first-time buyers or those seeking budget-friendly options. Renting a 2-bedroom apartment averages around 800, while a 2-bedroom house comes in slightly higher at 816. Overall, the cost of living in Powers appears favorable for both homebuyers and renters alike, offering a strong sense of community and attractive amenities that could enhance your quality of life.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Powers, 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 Powers, 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 Powers is a financially viable option for your relocation.