Cost of Living in Camden, MI
Housing
The housing market plays a significant role in determining the cost of living in Camden, MI.
- Housing Index: 91 / 100
- Median Home Price is: $165,000
- Average Rent (2 BR Apartment): $1435 per month
- Average Rent (2 BR House): $1560 per month
Analyzing the data for Camden, MI, we see a stark housing index of 91 — a metric indicating a potentially undervalued market. The median home price is relatively low at 165000, suggesting opportunities for first-time buyers or investors. However, both the average rent for 2-bedroom apartments and houses register at 1435 and 1560 respectively, which may imply limited rental activity in the area. Consider further local economic indicators and amenities to gauge long-term prospects for growth and investment in this intriguing market.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Camden, 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 Camden, 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 Camden is a financially viable option for your relocation.