Cost of Living in Millington, MI
Housing
The housing market plays a significant role in determining the cost of living in Millington, MI.
- Housing Index: 91 / 100
- Median Home Price is: $169,000
- Average Rent (2 BR Apartment): $1435 per month
- Average Rent (2 BR House): $1560 per month
Based on the data for Millington, MI, the current housing index appears to show no activity, with the median home price standing at a relatively affordable 169000. However, the lack of recorded average rents for both a 2-bedroom apartment and house might suggest an underdeveloped rental market, potentially making home purchasing a more attractive option. It's essential to consider other local factors like job availability, school ratings, and overall livability. Additionally, investing in real estate in Millington could yield potential gains in value as development progresses and demands increase.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Millington, 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 Millington, 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 Millington is a financially viable option for your relocation.