Cost of Living in Houghton, MI
Housing
The housing market plays a significant role in determining the cost of living in Houghton, MI.
- Housing Index: 95.0 / 100
- Median Home Price is: $180,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
Considering a move to Houghton, MI? With a housing index of 95.0, affordability seems favorable compared to the national average. The median home price of 180000 suggests reasonable entry costs for homeowners. Renting is also manageable, with an average of 1200 for a 2-bedroom apartment and 1280 for a 2-bedroom house. This combination positions Houghton as an appealing choice; coupled with local employment opportunities and amenities, it could be a great place to call home. However, researching local school systems and community services is advised for a holistic decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Houghton, 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 Houghton, 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 Houghton is a financially viable option for your relocation.