Cost of Living in Boyne city, MI
Housing
The housing market plays a significant role in determining the cost of living in Boyne city, MI.
- Housing Index: 91 / 100
- Median Home Price is: Data is updating
- Average Rent (2 BR Apartment): $1435 per month
- Average Rent (2 BR House): $1560 per month
Based on the current data for Boyne city, MI, the housing market is inactive with a housing index of 91. With a median home price of 0 and average rents at 1435 for apartments and 1560 for houses both showing zero, it's essential to consider the overall economic conditions and job growth in the area. High property values alongside low rental options could suggest an opportunity for investment, while the stagnant housing status may signal a lack of demand. Researching community development initiatives and demographic trends could further inform your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Boyne city, 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 Boyne city, 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 Boyne city is a financially viable option for your relocation.