Cost of Living in Hemlock, MI
Housing
The housing market plays a significant role in determining the cost of living in Hemlock, MI.
- Housing Index: 91 / 100
- Median Home Price is: $226,500
- Average Rent (2 BR Apartment): $1435 per month
- Average Rent (2 BR House): $1560 per month
Considering a move to Hemlock, MI? The median home price is currently at 226500. With a housing index of 91 and an ineffective rental market, as indicated by the average rent for a 2BR apartment and house being zero, the market appears accessible for buyers focusing on homeownership rather than rental opportunities. Evaluate your long-term goals, as investing in property can offer stability in fluctuating markets. Ensure to research local amenities, schools, and the community as they significantly impact your living experience post-move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hemlock, 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 Hemlock, 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 Hemlock is a financially viable option for your relocation.