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: $228,500
- 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 Lansing is a financially viable option for your relocation.