Cost of Living in Norway, MI
Housing
The housing market plays a significant role in determining the cost of living in Norway, MI.
- Housing Index: Data is updating
- Median Home Price is: $150000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
In considering a move to Norway, MI, the current housing data reveals a median home price of 150000, which can be attractive for first-time buyers or investors. However, the housing index is notably low at 0.0, indicating that either the demand for housing is minimal or that the area may not be as desirable. Although renting options appear absent (with average rents for both a 2BR apartment and house at 0.0 and 0.0, respectively), this situation presents a unique opportunity for those looking to purchase and potentially grow equity over time.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Norway, 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.): Data is updating
Living in Norway, 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 data unavailable 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 Norway is a financially viable option for your relocation.