Cost of Living in Lansing, MI

Housing

The housing market plays a significant role in determining the cost of living in Lansing, MI.

• Housing Index: 85.0 / 100
• Median Home Price is: $228500
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1360 per month

When considering a move to Lansing, MI, the housing index of 85.0 indicates it’s more affordable than many urban areas. With a median home price of 228500, homeownership here appears attainable. Additionally, renting options include an average rent of 1200 for a 2-bedroom apartment and 1360 for a 2-bedroom house, presenting flexible living choices. Consider the local job market and amenities to enhance your living experience; investing in a growing area like this could yield significant long-term benefits.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lansing, 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 Lansing, 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 90.0

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $50747

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Lansing, MI, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.