Cost of Living in Fenton, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
124.7
100 = national avg
+24.7 vs national average
Living Wage (1 Adult)
$54,855
per year
Living Wage (Family of 4)
$129,656
per year
Cost Index by Category
Housing134.2
Food113.5
Transportation127.0
Healthcare110.8
Utilities114.9
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 Fenton is 124.7, which is 24.7% above the national average. Housing costs are above the national average at an index of 134.2. A single adult needs to earn approximately $54,855 per year to cover basic expenses.