Cost of Living in River rouge, MI
Housing
The housing market plays a significant role in determining the cost of living in River rouge, MI.
- Housing Index: 91 / 100
- Median Home Price is: $64,200
- Average Rent (2 BR Apartment): $1435 per month
- Average Rent (2 BR House): $1560 per month
When considering a move to River rouge, MI, it's essential to note the current housing landscape. With a median home price of 64200, it's relatively affordable, making homeownership attainable. However, the data indicates no figures for the housing index and rental prices for 2-bedroom apartments and houses, suggesting either a very low market activity or a lack of available listings. This situation could offer opportunities for investors, but it may challenge renters seeking suitable accommodations. Additionally, understanding the local job market and amenities is crucial for informed decision-making.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in River rouge, 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 River rouge, 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 River rouge is a financially viable option for your relocation.