Cost of Living in Taylor, MI
Housing
The housing market plays a significant role in determining the cost of living in Taylor, MI.
- Housing Index: 91 / 100
- Median Home Price is: $200,000
- Average Rent (2 BR Apartment): $1396 per month
- Average Rent (2 BR House): $1517 per month
Considering a move to Taylor, MI? With a housing index of 91, it indicates a generally affordable living environment compared to the national average. The median home price of 200000 offers a potential path to homeownership, particularly beneficial for first-time buyers. Monthly rent prices are also reasonable, with the average rent for a 2-bedroom apartment at 1396 and a 2-bedroom house slightly higher at 1517. This balance of costs suggests that Taylor could be an appealing option for families and young professionals looking for stability without compromising their budget.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Taylor, 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 Taylor, 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 Taylor is a financially viable option for your relocation.