Can You Afford to Live in the Great State of Michigan?

| January 31, 2014
Chicago (ILL), Michigan-Wacker Historic Distri...

Chicago (ILL), Michigan-Wacker Historic District. North Michigan Ave. (Photo credit: (vincent desjardins))

Planning a big move is always a very stressful situation no matter how you look at it. Knowing as much as possible about your new home and its surroundings will make the experience a little less stressful. If the state of Michigan happens to be where you are thinking about moving, then you are in luck.

The Cost of Living in Michigan

Before you decide that any particular city is right for you, you must face the facts and dive into the costs involved. The only way you are going to be able to do this is by taking a very close look at the cost of living. You may be surprised by how much money you could be saving. It is not difficult to find homes for sale in Michigan, but you simply can’t overlook the cost of living.

Food Costs in Michigan

We all have to eat. Here is what you can expect to pay for food in Michigan. Your average meal at an inexpensive restaurant will cost you right around $10.00 per meal. A meal for two at a decent restaurant will cost you around $40.00. A gallon of regular milk is going to run you right around $3.50. You can expect to pay twice that amount for some organic milk. A dozen eggs will set you back just over two bucks, and a loaf of good old fashioned white bread will cost you just over $2.00.

Everyday Costs

There are some other costs that you just can’t avoid. Take your utility bill for instance. You can expect to pay right around $275.00 per month on average. High speed Internet service will cost just under $50.00. A trip to the local movie theater will be just under $10.00, and a pair of good quality jeans will cost you just over $35.00.

Can you afford to live in Michigan? These facts should help you decide.

 

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Category: Family Finances

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