Cost of Living in Suttons bay, MI
Housing
The housing market plays a significant role in determining the cost of living in Suttons bay, MI.
- Housing Index: 90.0 / 100
- Median Home Price is: $395,000
- Average Rent (2 BR Apartment): $1600 per month
- Average Rent (2 BR House): $1640 per month
Considering a move to Suttons bay, MI? The housing index here stands at 90.0, which indicates affordability relative to the national average. Currently, the median home price is 395000, suggesting a moderately priced market. For renters, the average monthly rent for a 2-bedroom apartment is 1600, while a 2-bedroom house averages 1640. Understanding these figures is essential, as they represent not only cost-effectiveness but potential investment opportunities in a growing community. We recommend weighing these costs against your personal budget and lifestyle preferences before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Suttons bay, 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 Suttons bay, 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 Suttons bay is a financially viable option for your relocation.