Cost of Living in Portage, MI
Housing
The housing market plays a significant role in determining the cost of living in Portage, MI.
- Housing Index: 91 / 100
- Median Home Price is: $224,000
- Average Rent (2 BR Apartment): $1762 per month
- Average Rent (2 BR House): $1915 per month
Considering a move to Portage, MI? The housing index of 91 reflects a relatively affordable market. With a median home price of 224000, homeownership may be within reach, especially when compared to rapidly rising prices in major cities. Monthly housing costs are also manageable, with average rents for a 2-bedroom apartment at 1762 and for a house at 1915. Research shows that affordable housing can lead to a higher quality of life, making this city an attractive option for families and young professionals alike.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Portage, 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 Portage, 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 Portage is a financially viable option for your relocation.