Cost of Living in Saginaw, MI
Housing
The housing market plays a significant role in determining the cost of living in Saginaw, MI.
- Housing Index: 91 / 100
- Median Home Price is: $108,000
- Average Rent (2 BR Apartment): $874 per month
- Average Rent (2 BR House): $950 per month
Considering a move to Saginaw, MI? The housing index's score of 91 indicates a relatively affordable housing market. The median home price stands at 108000, making homeownership accessible. For renters, expect to pay an average of 874 for a 2-bedroom apartment or 950 for a house. Compared to national averages, these costs are quite competitive, enhancing opportunities for both young professionals and families looking to settle down. Always consider local amenities and lifestyle when 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 Saginaw, 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 Saginaw, 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 Saginaw is a financially viable option for your relocation.