Cost of Living in Saginaw, MI

Housing

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

• Housing Index: 75.0 / 100
• Median Home Price is: $108000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1000 per month

Considering a move to Saginaw, MI? The housing index's score of 75.0 indicates a relatively affordable housing market. The median home price stands at 108000, making homeownership accessible. For renters, expect to pay an average of 1200 for a 2-bedroom apartment or 1000 for a house. Compared to national averages, these costs are quite competitive, enhancing opportunities for both young professionals and families looking to settle down. Always consider local amenities and lifestyle when making your decision!

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Saginaw, 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 Saginaw, 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 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: 85.3

Median Income

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

• Median Income: $35521

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.

• Click here for more information

Summary

When considering a move to Saginaw, 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.