Cost of Living in Algonac, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
89.6
100 = national avg
-10.4 vs national average
Living Wage (1 Adult)
$39,412
per year
Living Wage (Family of 4)
$93,155
per year
Cost Index by Category
Housing100.6
Food88.0
Transportation76.0
Healthcare90.4
Utilities92.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,122
per month
2 Bedroom
$1,411
per month
The overall cost of living index in Algonac is 89.6, which is 10.4% below the national average. Housing costs are above the national average at an index of 100.6. A single adult needs to earn approximately $39,412 per year to cover basic expenses.