Cost of Living in Stockbridge, MI
Housing
The housing market plays a significant role in determining the cost of living in Stockbridge, MI.
- Housing Index: 91 / 100
- Median Home Price is: $179,000
- Average Rent (2 BR Apartment): $1435 per month
- Average Rent (2 BR House): $1560 per month
Analyzing the housing data for Stockbridge, MI, we observe a median home price of 179000. However, the housing index indicates a significant anomaly, as it shows 0, suggesting that either the market is stagnant or data might be missing. With no recorded average rent for 2-bedroom apartments or houses, it may be challenging to draw valid comparisons. Generally, an affordable median home price should attract first-time buyers, but consider evaluating local economic factors, job opportunities, and amenities before making your decision. Overall, this market may require further investigation.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Stockbridge, 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 Stockbridge, 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 Stockbridge is a financially viable option for your relocation.