Cost of Living in Coleman, MI
Housing
The housing market plays a significant role in determining the cost of living in Coleman, MI.
- Housing Index: 91 / 100
- Median Home Price is: $139,000
- Average Rent (2 BR Apartment): $1435 per month
- Average Rent (2 BR House): $1560 per month
Analyzing the real estate data for Coleman, MI, it appears that the current housing index stands at 91, indicating a potentially unstable or unclear market. The median home price is relatively affordable at 139000, suggesting opportunities for home buyers looking for investment in a low-cost area. However, with average rents for both 2BR apartments and houses showing as 1435 and 1560, respectively, there may be significant variability. It would be wise to conduct further local research and consider socioeconomic factors before making a move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Coleman, 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 Coleman, 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 Coleman is a financially viable option for your relocation.