Cost of Living in Hazel park, MI
Housing
The housing market plays a significant role in determining the cost of living in Hazel park, MI.
- Housing Index: Data is updating
- Median Home Price is: $133,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Analyzing the real estate data for Hazel park, MI, it’s evident that the housing index is at an unlisted value, with no average rent available for 2-bedroom apartments or houses. However, the median home price stands at a relatively low 133000. This suggests a buyer’s market where purchasing a home can be more advantageous than renting. Since median prices often indicate future appreciation, now could be a strategic time to consider home investment in this area. Comparing this data with neighboring cities may also provide additional insights on the best decision moving forward.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hazel park, 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 Hazel park, 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 Hazel park is a financially viable option for your relocation.