Cost of Living in Caspian, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
64.2
100 = national avg
-35.8 vs national average
Living Wage (1 Adult)
$28,269
per year
Living Wage (Family of 4)
$66,818
per year
Cost Index by Category
Housing56.1
Food78.1
Transportation56.2
Healthcare82.5
Utilities78.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$814
per month
2 Bedroom
$1,068
per month
The overall cost of living index in Caspian is 64.2, which is 35.8% below the national average. Housing costs are below the national average at an index of 56.1. A single adult needs to earn approximately $28,269 per year to cover basic expenses.