Cost of Living in Adrian, MI
Housing
The housing market plays a significant role in determining the cost of living in Adrian, MI.
- Housing Index: 91 / 100
- Median Home Price is: $155,000
- Average Rent (2 BR Apartment): $1435 per month
- Average Rent (2 BR House): $1560 per month
Considering a move to Adrian, MI? The housing market appears favorable, with a housing index of 91 suggesting affordable options. The median home price stands at 155000, making homeownership more accessible compared to many U.S. markets. Average rents for a 2BR apartment and house are relatively close, at 1435 and 1560, respectively, indicating a stable rental market. Additionally, keep in mind that the economic landscape, local amenities, and community feel can contribute to long-term satisfaction. Evaluate these factors alongside the housing data for a balanced decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Adrian, 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.): $237 per month
Living in Adrian, 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 $237 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 Adrian is a financially viable option for your relocation.