Cost of Living in Montrose, MI
Housing
The housing market plays a significant role in determining the cost of living in Montrose, MI.
- Housing Index: 85.0 / 100
- Median Home Price is: $200,000
- Average Rent (2 BR Apartment): $800 per month
- Average Rent (2 BR House): $816 per month
When considering a move to Montrose, MI, the housing index is a favorable 85.0, indicating a relatively affordable market for potential homeowners and renters alike. With the median home price at 200000 and the average rent for a 2-bedroom apartment at 800, this area presents cost-effective living options. Additionally, the average rent for a 2-bedroom house at 816 also highlights favorable rental choices. With these reasonable costs, Montrose could be an attractive option for individuals or families seeking new opportunities without breaking the bank.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Montrose, 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 Montrose, 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 Montrose is a financially viable option for your relocation.