Cost of Living in Chatham, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
79.3
100 = national avg
-20.7 vs national average
Living Wage (1 Adult)
$34,883
per year
Living Wage (Family of 4)
$82,451
per year
Cost Index by Category
Housing76.4
Food86.5
Transportation73.1
Healthcare89.2
Utilities87.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$817
per month
2 Bedroom
$1,072
per month
The overall cost of living index in Chatham is 79.3, which is 20.7% below the national average. Housing costs are below the national average at an index of 76.4. A single adult needs to earn approximately $34,883 per year to cover basic expenses.