The housing market plays a significant role in determining the cost of living in Adrian, MI.
Considering a move to Adrian, MI? The housing market appears favorable, with a housing index of 85.3 suggesting affordable options. The median home price stands at 155000, making homeownership more accessible compared to many U.S. markets. Average rents for a 2BR apartment and house are relatively close, at 1200 and 1245, respectively, indicating a stable rental market. Additionally, keep in mind that the economic landscape, local amenities, and community feel can contribute to long-term satisfaction. Evaluate these factors alongside the housing data for a balanced decision.
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Adrian, MI.
Living in Adrian, 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 Bethlehem is a financially viable option for your relocation.
The cost of living index is a widely used metric to determine the relative affordability of cities and towns.
The median income is an important factor to consider when evaluating the affordability of a city or town.
Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.
When considering a move to Adrian, MI, consider the following factors: