Cost of Living in Bay City, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
78.4
100 = national avg
-21.6 vs national average
Living Wage (1 Adult)
$34,514
per year
Living Wage (Family of 4)
$81,577
per year
Cost Index by Category
Housing70.5
Food86.6
Transportation81.7
Healthcare89.3
Utilities86.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$814
per month
2 Bedroom
$1,030
per month
The overall cost of living index in Bay City is 78.4, which is 21.6% below the national average. Housing costs are below the national average at an index of 70.5. A single adult needs to earn approximately $34,514 per year to cover basic expenses.