Cost of Living in Wyandotte, MI
Housing
The housing market plays a significant role in determining the cost of living in Wyandotte, MI.
- Housing Index: 110.0 / 100
- Median Home Price is: $193,000
- Average Rent (2 BR Apartment): $1300 per month
- Average Rent (2 BR House): $1300 per month
In Wyandotte, MI, the housing index stands at 110.0, indicating that housing costs are moderately above the national average. With a median home price of 193000, purchasing a home may pose a significant investment, while renters face an average of 1300 to 1300 for a 2-bedroom apartment or house, respectively. It's worth noting that overall affordability can vary depending on local amenities, job market conditions, and the availability of housing supply. Conduct thorough research before making your relocation decision to ensure it aligns with your long-term financial goals.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Wyandotte, 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 Wyandotte, 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 Wyandotte is a financially viable option for your relocation.