Cost of living in Petoskey
Petoskey, located in Michigan, is a charming city known for its scenic beauty and vibrant community. Understanding the cost of living here is crucial for anyone considering a move or planning to visit.
This guide provides a detailed breakdown of expenses in Petoskey, covering everything from dining and groceries to housing and transportation.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $15 on average, with a range between $12 and $40.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $65, with prices ranging from $50 to $80.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $11, with a range between $8 and $12.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $10.62, imported beer $6 to $12, cappuccino $3 to $11, and Coke/Pepsi $1.5 to $3.5.
Grocery Prices
- Milk - Milk is priced between $0.53 and $1.06 per liter, averaging $0.83.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.99 and $6.05, with an average price of $1.1.
- Eggs (Dozen) - A dozen eggs range from $2.3 to $4, averaging $3.25.
- Fruits (e.g., Apples, Oranges) - Apples cost $4.17 to $13.23 per kg, while oranges range from $2.76 to $11.02 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.86 and $3.31 per kg, and lettuce costs $1.09 to $4.39 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.77 and $0.97 per liter.
- Taxi Fares - Taxi fares start at $4.7, with a cost of $1.4 to $2 per km and $25 to $31.5 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $1750.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $1500.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $100 and $250, averaging $117.65.
- Internet - Internet services range from $40 to $75, with an average cost of $58.43.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Petoskey offers a moderate cost of living with affordable dining options and reasonable grocery prices.
Housing costs can be significant, especially in the city centre, but utilities remain relatively low.
Transportation costs are manageable, with gasoline prices being quite competitive.
Conclusion
In conclusion, Petoskey, MI, presents a balanced cost of living, making it an attractive option for those seeking a blend of affordability and quality of life.
Potential residents should consider housing costs as a significant factor, while enjoying the benefits of lower utility and transportation expenses.