Cost of Living in Warren, MI
Housing
The housing market plays a significant role in determining the cost of living in Warren, MI.
- Housing Index: 85.0 / 100
- Median Home Price is: $200,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
In Warren, MI, the housing index of 85.0 indicates a relatively affordable market, especially with a median home price of 200000. Renters can expect to pay approximately 1200 for a 2-bedroom apartment or 1280 for a house. Given these factors, it's an attractive option for both homeowners and renters compared to many similar cities. Prospective movers should consider not just pricing but also local amenities and job opportunities, which can greatly enhance quality of life and long-term satisfaction with their decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Warren, 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 Warren, 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 Warren is a financially viable option for your relocation.