Cost of Living in Alma, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
83.2
100 = national avg
-16.8 vs national average
Living Wage (1 Adult)
$36,616
per year
Living Wage (Family of 4)
$86,548
per year
Cost Index by Category
Housing77.9
Food88.6
Transportation87.4
Healthcare90.9
Utilities88.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$742
per month
2 Bedroom
$973
per month
The overall cost of living index in Alma is 83.2, which is 16.8% below the national average. Housing costs are below the national average at an index of 77.9. A single adult needs to earn approximately $36,616 per year to cover basic expenses.