Cost of Living in Augusta, MI
Housing
The housing market plays a significant role in determining the cost of living in Augusta, MI.
- Housing Index: 91 / 100
- Median Home Price is: $157,000
- Average Rent (2 BR Apartment): $1435 per month
- Average Rent (2 BR House): $1560 per month
In Augusta, MI, the housing market shows a healthy median home price of 157000, but a housing index of 91 may indicate potential challenges. Interestingly, rental prices for 2-bedroom apartments and houses are currently reported at 1435 and 1560 respectively, suggesting a lack of availability or data in that segment. Considering the low home price, this could be an opportune time for buyers, but the stall in rental markets may point to market inefficiencies or economic constraints worth investigating before making your move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Augusta, 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 Augusta, 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 Augusta is a financially viable option for your relocation.