Cost of Living in Hastings, MI
Housing
The housing market plays a significant role in determining the cost of living in Hastings, MI.
- Housing Index: 91 / 100
- Median Home Price is: $233,000
- Average Rent (2 BR Apartment): $1435 per month
- Average Rent (2 BR House): $1560 per month
Considering a move to Hastings, MI? With a housing index of 91, it represents a competitive market that remains below the national average. The 233000 makes it an appealing prospect for homebuyers, while rental options, averaging 1435 for a 2-bedroom apartment and 1560 for a house, offer reasonable alternatives. This area's affordable housing market could attract young families and professionals seeking a balance between cost and community amenities. Do factor in local job markets and schools as part of your decision-making process for a successful move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hastings, 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 Hastings, 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 Hastings is a financially viable option for your relocation.