Cost of Living in Freeland, MI
Housing
The housing market plays a significant role in determining the cost of living in Freeland, MI.
- Housing Index: 90.0 / 100
- Median Home Price is: $199900
- Average Rent (2 BR Apartment): $1400 per month
- Average Rent (2 BR House): $1232 per month
In Freeland, MI, the housing market presents an opportunity with a housing index of 90.0, indicating affordability compared to the national average. The median home price stands at 199900, which is relatively reasonable. For renters, the average cost for a 2-bedroom apartment is 1400, while a 2-bedroom house averages 1232. This suggests that choosing to rent could be a budget-friendly alternative to buying, especially for younger residents or those seeking flexibility. Overall, Freeland could be an attractive option for newcomers considering their housing options.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Freeland, 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 Freeland, 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 Freeland is a financially viable option for your relocation.