Cost of Living in Escanaba, MI
Housing
The housing market plays a significant role in determining the cost of living in Escanaba, MI.
- Housing Index: 91 / 100
- Median Home Price is: $135,000
- Average Rent (2 BR Apartment): $1435 per month
- Average Rent (2 BR House): $1560 per month
Considering a move to Escanaba, MI? With a housing index of 91, the area presents a balanced market for buyers and renters. The median home price at 135000 offers an affordable entry point compared to many other regions. Renting options are also reasonable, with an average rent of 1435 for a 2-bedroom apartment and 1560 for a house. This makes it an attractive option for families or individuals seeking community amenities without breaking the bank. Research schools and job opportunities to ensure the move benefits your lifestyle ambitions.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Escanaba, 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 Escanaba, 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 Escanaba is a financially viable option for your relocation.