Cost of Living in Caberfae, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
92.8
100 = national avg
-7.2 vs national average
Living Wage (1 Adult)
$40,834
per year
Living Wage (Family of 4)
$96,516
per year
Cost Index by Category
Housing85.2
Food94.3
Transportation110.9
Healthcare95.5
Utilities93.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$826
per month
2 Bedroom
$1,084
per month
The overall cost of living index in Caberfae is 92.8, which is 7.2% below the national average. Housing costs are below the national average at an index of 85.2. A single adult needs to earn approximately $40,834 per year to cover basic expenses.