Cost of Living in Shelby, MI
Housing
The housing market plays a significant role in determining the cost of living in Shelby, MI.
- Housing Index: Data is updating
- Median Home Price is: $204,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Based on the data provided for Shelby, MI, the housing index stands at 0.0, indicating a certain level of accessibility to housing options. With a median home price at 204000, investing in property here might seem appealing. However, the absence of data for average rents—0.0 for apartments and 0.0 for homes—poses a challenge in evaluating rental markets. It's vital to consider local economic factors, job opportunities, and the overall quality of life to make an informed decision about relocating.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Shelby, 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 Shelby, 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 Shelby is a financially viable option for your relocation.