Cost of Living in Beechwood, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
103.7
100 = national avg
+3.7 vs national average
Living Wage (1 Adult)
$45,631
per year
Living Wage (Family of 4)
$107,854
per year
Cost Index by Category
Housing104.4
Food102.3
Transportation104.7
Healthcare101.9
Utilities102.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,333
per month
2 Bedroom
$1,519
per month
The overall cost of living index in Beechwood is 103.7, which is 3.7% above the national average. Housing costs are above the national average at an index of 104.4. A single adult needs to earn approximately $45,631 per year to cover basic expenses.