Cost of Living in Vanderbilt, MI
Housing
The housing market plays a significant role in determining the cost of living in Vanderbilt, MI.
- Housing Index: 91 / 100
- Median Home Price is: $300,000
- Average Rent (2 BR Apartment): $1435 per month
- Average Rent (2 BR House): $1560 per month
Considering a move to Vanderbilt, MI? With a housing index of 91, the affordability of living here appears reasonable. The median home price stands at 300000, making homeownership accessible, especially in comparison to the average rent for a 2-bedroom apartment at 1435 and a 2-bedroom house at 1560. For anyone prioritizing space or future investment, purchasing a home may be a wise choice. Moreover, keep in mind that areas nearby could offer varying amenities which could influence your overall living experience.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Vanderbilt, 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 Vanderbilt, 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 Vanderbilt is a financially viable option for your relocation.