Cost of Living in Allen, MI
Housing
The housing market plays a significant role in determining the cost of living in Allen, MI.
- Housing Index: 91 / 100
- Median Home Price is: $158,000
- Average Rent (2 BR Apartment): $1435 per month
- Average Rent (2 BR House): $1560 per month
When considering a move to Allen, MI, it's essential to weigh the housing data presented. With a housing index of 91 and a median home price of 158000, it suggests a potentially affordable option for homebuyers. However, the absence of average rent data for both 2-bedroom apartments and houses indicates that rental options may be limited or not well established in the area. It’s advisable to research local amenities and job availability, as these factors can influence long-term living satisfaction and property value fluctuations in this developing market.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Allen, 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 Allen, 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 Allen is a financially viable option for your relocation.