Cost of Living in Eagle River, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
113.5
100 = national avg
+13.5 vs national average
Living Wage (1 Adult)
$49,960
per year
Living Wage (Family of 4)
$118,088
per year
Cost Index by Category
Housing144.3
Food96.8
Transportation93.6
Healthcare97.5
Utilities106.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$849
per month
2 Bedroom
$973
per month
The overall cost of living index in Eagle River is 113.5, which is 13.5% above the national average. Housing costs are above the national average at an index of 144.3. A single adult needs to earn approximately $49,960 per year to cover basic expenses.