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: $193000
• 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 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: 105.5

Median Income

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

• Median Income: $62111

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 Wyandotte, 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.