Cost of Living in Colon, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
82.7
100 = national avg
-17.3 vs national average
Living Wage (1 Adult)
$36,382
per year
Living Wage (Family of 4)
$85,994
per year
Cost Index by Category
Housing74.7
Food91.1
Transportation82.2
Healthcare92.9
Utilities89.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$777
per month
2 Bedroom
$1,019
per month
The overall cost of living index in Colon is 82.7, which is 17.3% below the national average. Housing costs are below the national average at an index of 74.7. A single adult needs to earn approximately $36,382 per year to cover basic expenses.