Cost of Living in Ithaca, MI
Housing
The housing market plays a significant role in determining the cost of living in Ithaca, MI.
- Housing Index: 85.0 / 100
- Median Home Price is: $184,000
- Average Rent (2 BR Apartment): $900 per month
- Average Rent (2 BR House): $920 per month
When considering a move to Ithaca, MI, the current housing index of 85.0 indicates a reasonably affordable market. With a median home price of 184000 and average rents of 900 for a 2-bedroom apartment and 920 for a 2-bedroom house, housing is accessible compared to national averages. Additional factors, such as local amenities and job opportunities, should also be factored into your decision, but overall, this area appears to offer an attractive residential option for potential buyers and renters alike.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Ithaca, 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 Ithaca, 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 Ithaca is a financially viable option for your relocation.