Cost of Living in Big Bay, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
101.1
100 = national avg
+1.1 vs national average
Living Wage (1 Adult)
$44,468
per year
Living Wage (Family of 4)
$105,107
per year
Cost Index by Category
Housing125.1
Food87.2
Transportation95.4
Healthcare89.8
Utilities97.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$973
per month
2 Bedroom
$1,137
per month
The overall cost of living index in Big Bay is 101.1, which is 1.1% above the national average. Housing costs are above the national average at an index of 125.1. A single adult needs to earn approximately $44,468 per year to cover basic expenses.