Cost of Living in Ann arbor, MI
Housing
The housing market plays a significant role in determining the cost of living in Ann arbor, MI.
- Housing Index: 115.0 / 100
- Median Home Price is: $303000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1900 per month
Considering moving to Ann arbor, MI? With a housing index of 115.0, the market indicates it's somewhat competitive. The median home price sits at a manageable 303000, but rental options can be pricey, averaging 1800 for a 2-bedroom apartment and 1900 for a house. It’s worth noting that the cost of living might be higher than in surrounding areas, so evaluate your budget against the amenities and lifestyle available in Ann arbor. In particular, research local schools, job opportunities, and community features that could sway your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Ann arbor, 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.): $250 per month
Living in Ann arbor, 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 Ann arbor is a financially viable option for your relocation.