Cost of Living in Wakefield, MI
Housing
The housing market plays a significant role in determining the cost of living in Wakefield, MI.
- Housing Index: 91 / 100
- Median Home Price is: Data is updating
- Average Rent (2 BR Apartment): $1435 per month
- Average Rent (2 BR House): $1560 per month
Based on the provided data for Wakefield, MI, there seems to be a significant housing market discrepancy, as the housing index is at an unusual low with a median home price of 0. Similarly, average rents for both 2-bedroom apartments 1435 and 2-bedroom houses 1560 are unspecified or non-existent. Potential residents should conduct further research, as a lack of data may indicate challenges in the housing market. It's also worth considering local job opportunities and community amenities to better align with lifestyle preferences before making a move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Wakefield, 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 Wakefield, 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 Wakefield is a financially viable option for your relocation.