Cost of Living in Pewamo, MI
Housing
The housing market plays a significant role in determining the cost of living in Pewamo, MI.
- Housing Index: 85.0 / 100
- Median Home Price is: $185,000
- Average Rent (2 BR Apartment): $800 per month
- Average Rent (2 BR House): $816 per month
When considering a move to Pewamo, MI, the housing market appears relatively affordable, with a housing index of 85.0, indicating a favorable cost environment. The median home price of 185000 is significantly lower than the national average, which could make home ownership an appealing option. Additionally, average rents for a two-bedroom apartment and house at 800 and 816 respectively, present budget-friendly options for potential renters. Overall, whether you’re looking to buy or rent, Pewamo offers promising opportunities for affordable living.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Pewamo, 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 Pewamo, 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 Pewamo is a financially viable option for your relocation.