Cost of Living in Flint, MI
Housing
The housing market plays a significant role in determining the cost of living in Flint, MI.
- Housing Index: 80.0 / 100
- Median Home Price is: $61,700
- Average Rent (2 BR Apartment): $960 per month
- Average Rent (2 BR House): $1024 per month
Based on the data provided for Flint, MI, the housing index stands at 80.0, indicating a relatively affordable market. The median home price of 61700 is significantly lower than national averages, which can be enticing for first-time buyers or those seeking value. Additionally, with average rents for a 2-bedroom apartment at 960 and a house at 1024, it's essential to consider long-term investment vs. rental trends. Overall, Flint seems to present a compelling option for cost-conscious seekers of a new home.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Flint, 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 Flint, 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 Flint is a financially viable option for your relocation.