Cost of Living in Livonia, MI
Housing
The housing market plays a significant role in determining the cost of living in Livonia, MI.
- Housing Index: 91 / 100
- Median Home Price is: $305,000
- Average Rent (2 BR Apartment): $1435 per month
- Average Rent (2 BR House): $1560 per month
Considering a move to Livonia, MI? The housing index here is relatively affordable at 91. With a median home price of 305000, purchasing a home could be a strategic investment compared to renting. The average rent for a 2-bedroom apartment is 1435, while a 2-bedroom house averages 1560. If you're seeking a balance between rental costs and long-term investment, Livonia offers compelling options. Research surrounding amenities and local schools could further enhance your decision-making process in this evaluated area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Livonia, 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 Livonia, 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 Livonia is a financially viable option for your relocation.