Cost of Living in Luna pier, MI
Housing
The housing market plays a significant role in determining the cost of living in Luna pier, MI.
- Housing Index: 90.0 / 100
- Median Home Price is: $194,000
- Average Rent (2 BR Apartment): $1600 per month
- Average Rent (2 BR House): $1640 per month
Considering a move to Luna pier, MI? The housing index of 90.0 indicates that it’s moderately priced compared to other regions. With a median home price of 194000 and average rent for a 2BR apartment at 1600 and a house slightly higher at 1640, residents find a balanced housing market that accommodates diverse preferences. Keep in mind that real estate trends can fluctuate, so exploring the local amenities and job opportunities is also crucial in your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Luna pier, 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 Luna pier, 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 Luna pier is a financially viable option for your relocation.