Cost of Living in Canadian Lakes, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
104.9
100 = national avg
+4.9 vs national average
Living Wage (1 Adult)
$46,158
per year
Living Wage (Family of 4)
$109,102
per year
Cost Index by Category
Housing106.5
Food102.8
Transportation105.6
Healthcare102.2
Utilities103.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$796
per month
2 Bedroom
$1,010
per month
The overall cost of living index in Canadian Lakes is 104.9, which is 4.9% above the national average. Housing costs are above the national average at an index of 106.5. A single adult needs to earn approximately $46,158 per year to cover basic expenses.