Cost of Living in Sherwood, MI
Housing
The housing market plays a significant role in determining the cost of living in Sherwood, MI.
- Housing Index: Data is updating
- Median Home Price is: $193,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering relocating to Sherwood, MI? The current housing market shows a housing index of 0.0, indicating it’s essential to closely monitor trends, as it currently stands at 0. While median home prices are affordable at 193000, the absence of data on average rents for both 2-bedroom apartments and houses may warrant further investigation. Keep an eye on local amenities, schools, and employment opportunities, which can greatly influence living satisfaction. It's crucial to gather more comprehensive data to support your decision effectively before making a move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Sherwood, 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 Sherwood, 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 Sherwood is a financially viable option for your relocation.