Cost of Living in East lansing, MI
Housing
The housing market plays a significant role in determining the cost of living in East lansing, MI.
- Housing Index: 85.0 / 100
- Median Home Price is: $276000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1360 per month
Considering a move to East lansing, MI? With a housing index of 85.0, it indicates that the real estate market here is relatively affordable compared to national averages. The median home price is currently at 276000, which is attainable for many buyers, while rental prices range from 1200 for a 2-bedroom apartment to 1360 for a house. Keep in mind that property values often appreciate and living in areas with lower housing costs can yield long-term savings and investment potential.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in East lansing, 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 East lansing, 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 East lansing is a financially viable option for your relocation.