Cost of Living in Lake ann, MI
Housing
The housing market plays a significant role in determining the cost of living in Lake ann, MI.
- Housing Index: 91 / 100
- Median Home Price is: $238,000
- Average Rent (2 BR Apartment): $1435 per month
- Average Rent (2 BR House): $1560 per month
Considering a move to Lake ann, MI? The housing index of 91 suggests a relatively affordable market. With a median home price of 238000, purchasing a home could be a sensible investment, especially given that the average rent for both a 2-bedroom apartment and house stands at 1435. This indicates that buying a home may provide longer-term savings compared to renting. Remember to also assess local amenities, schools, and job opportunities, as these can significantly impact your overall living experience and investment value in the area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lake ann, 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 Lake ann, 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 Lake ann is a financially viable option for your relocation.