Cost of Living in Reed city, MI
Housing
The housing market plays a significant role in determining the cost of living in Reed city, MI.
- Housing Index: 85.0 / 100
- Median Home Price is: $149,900
- Average Rent (2 BR Apartment): $1196 per month
- Average Rent (2 BR House): $1300 per month
Considering moving to Reed city, MI? With a housing index of 85.0, the market is relatively affordable. The median home price of 149900 is appealing, particularly for first-time buyers. Renting is more competitive, with an average rent of 1196 for a two-bedroom apartment, and 1300 for a two-bedroom house. This indicates a strong rental market if you’re not ready to buy yet. Additionally, explore local amenities and the community vibe—these factors crucially impact long-term satisfaction.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Reed city, 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.): $200 per month
Living in Reed city, 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 $200 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 Reed city is a financially viable option for your relocation.