Cost of Living in Hickory corners, MI
Housing
The housing market plays a significant role in determining the cost of living in Hickory corners, MI.
- Housing Index: 91 / 100
- Median Home Price is: $215,000
- Average Rent (2 BR Apartment): $1435 per month
- Average Rent (2 BR House): $1560 per month
When considering a move to Hickory corners, MI, it's important to note that the housing index stands at 91, which suggests limited housing options. The median home price is relatively affordable at 215000, particularly for first-time homebuyers. However, both the average rent for a 2-bedroom apartment and a 2-bedroom house are currently listed as 1435 and 1560, indicating scarcity of rental properties. Make sure to weigh these factors against your budget and housing needs, and consider future market trends before making your decision to relocate.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hickory corners, 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 Hickory corners, 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 Hickory corners is a financially viable option for your relocation.