Cost of Living in Munising, MI
Housing
The housing market plays a significant role in determining the cost of living in Munising, MI.
- Housing Index: 91 / 100
- Median Home Price is: $200,000
- Average Rent (2 BR Apartment): $1435 per month
- Average Rent (2 BR House): $1560 per month
When considering a move to Munising, MI, it's crucial to analyze the housing data. With a housing index of 91, it appears the market may be challenging. The median home price stands at 200000, which suggests a potentially lower entry point for buying compared to other areas. However, lacking rental data—average rents for both 2BR apartments and houses being 1435 and 1560—indicates that affordability in renting may also be a factor to investigate. Ultimately, it’s wise to consider local amenities and job opportunities while making your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Munising, 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 Munising, 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 Munising is a financially viable option for your relocation.