Cost of Living in Lyons, MI
Housing
The housing market plays a significant role in determining the cost of living in Lyons, MI.
- Housing Index: 91 / 100
- Median Home Price is: $187,000
- Average Rent (2 BR Apartment): $1435 per month
- Average Rent (2 BR House): $1560 per month
Considering a move to Lyons, MI? With a median home price of 187000 and a housing index of 91, affordability seems promising. However, the lack of rental data — where average rents for both a 2BR apartment and a 2BR house are listed as zero — raises questions about available inventory and neighborhood dynamics. It is essential to explore other housing options in the area and investigate trends in home prices and rental rates. Make sure to consider local amenities, schools, and employment opportunities as they can significantly impact your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lyons, 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 Lyons, 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 Lyons is a financially viable option for your relocation.