Cost of Living in Bancroft, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
107.7
100 = national avg
+7.7 vs national average
Living Wage (1 Adult)
$47,399
per year
Living Wage (Family of 4)
$112,035
per year
Cost Index by Category
Housing86.5
Food111.1
Transportation141.1
Healthcare108.9
Utilities104.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$812
per month
2 Bedroom
$1,066
per month
The overall cost of living index in Bancroft is 107.7, which is 7.7% above the national average. Housing costs are below the national average at an index of 86.5. A single adult needs to earn approximately $47,399 per year to cover basic expenses.