Cost of Living in Charlotte, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
93.0
100 = national avg
-7.0 vs national average
Living Wage (1 Adult)
$40,930
per year
Living Wage (Family of 4)
$96,744
per year
Cost Index by Category
Housing84.9
Food98.4
Transportation96.9
Healthcare98.8
Utilities96.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,012
per month
2 Bedroom
$1,268
per month
The overall cost of living index in Charlotte is 93.0, which is 7.0% below the national average. Housing costs are below the national average at an index of 84.9. A single adult needs to earn approximately $40,930 per year to cover basic expenses.