Cost of Living in Bessemer, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
72.3
100 = national avg
-27.7 vs national average
Living Wage (1 Adult)
$31,824
per year
Living Wage (Family of 4)
$75,221
per year
Cost Index by Category
Housing52.1
Food88.8
Transportation77.6
Healthcare91.1
Utilities83.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$761
per month
2 Bedroom
$973
per month
The overall cost of living index in Bessemer is 72.3, which is 27.7% below the national average. Housing costs are below the national average at an index of 52.1. A single adult needs to earn approximately $31,824 per year to cover basic expenses.