Cost of Living in Farmington, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
137.9
100 = national avg
+37.9 vs national average
Living Wage (1 Adult)
$60,685
per year
Living Wage (Family of 4)
$143,437
per year
Cost Index by Category
Housing149.7
Food121.9
Transportation143.9
Healthcare117.5
Utilities123.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,122
per month
2 Bedroom
$1,411
per month
The overall cost of living index in Farmington is 137.9, which is 37.9% above the national average. Housing costs are above the national average at an index of 149.7. A single adult needs to earn approximately $60,685 per year to cover basic expenses.