Cost of Living in Wellston, MI
Housing
The housing market plays a significant role in determining the cost of living in Wellston, MI.
- Housing Index: Data is updating
- Median Home Price is: $156,500
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Upon analyzing the real estate data for Wellston, MI, the median home price stands at an attractive 156500. However, significant indicators such as housing index, average rent for a 2-bedroom apartment (0.0), and average rent for a 2-bedroom house (0.0) report as zero, suggesting possible market instability or lack of accessible rental properties. It's crucial to investigate local economic conditions and future development projects, as ongoing changes could pivot this market, ultimately impacting your decision about moving to this area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Wellston, 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 Wellston, 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 Wellston is a financially viable option for your relocation.