Cost of Living in Plymouth, MI

Housing

The housing market plays a significant role in determining the cost of living in Plymouth, MI.

• Housing Index: 0.0 / 100
• Median Home Price is: $272000
• Average Rent (2 BR Apartment): $0.0 per month
• Average Rent (2 BR House): $0.0 per month

When considering moving to Plymouth, MI, it’s essential to evaluate your housing options closely. With a housing index of 0.0, the market can help you assess affordability. The median home price currently stands at 272000, which is relatively moderate. However, both the average rent for a 2-bedroom apartment and house are currently reported as $0.00, suggesting potential data gaps or transitional phases in the rental market. This could represent negotiation opportunities or a stagnant rental market. Keep an eye on local trends to maximize your investment.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Plymouth, 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.): $0.0 per month

Living in Plymouth, 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 0.0 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 0.0

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $107156

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Plymouth, MI, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.