Cost of Living in Manitou beach, MI
Housing
The housing market plays a significant role in determining the cost of living in Manitou beach, MI.
- Housing Index: 91 / 100
- Median Home Price is: $155,000
- Average Rent (2 BR Apartment): $1435 per month
- Average Rent (2 BR House): $1560 per month
Considering your search for housing in Manitou beach, MI, the current data paints a striking picture. The extraordinarily low housing index suggests that the market may be favoring buyers – an enticing opportunity if you're looking to purchase. With a median home price of just 155000, it's an attractive option compared to the rising costs in many cities. However, the absence of data on apartment and house rent indicates a potential lack of rental supply. Be sure to explore local amenities and job opportunities that could enhance your decision beyond just pricing.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Manitou beach, 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 Manitou beach, 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 Manitou beach is a financially viable option for your relocation.