Cost of Living in Frankfort, MI
Housing
The housing market plays a significant role in determining the cost of living in Frankfort, MI.
- Housing Index: Data is updating
- Median Home Price is: $196,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering a move to Frankfort, MI? The housing market shows a 0.0 index of 0. This suggests a very favorable entry point for potential homeowners, especially with a median home price of 196000. While rental prices aren't provided, it's important to note that low home prices often correlate with lower rents, making it a promising area for homebuyers and renters alike. It might be worthwhile to explore the area further for local amenities and community dynamics that can complement your living decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Frankfort, 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.): Data is updating
Living in Frankfort, 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 data unavailable 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 Frankfort is a financially viable option for your relocation.