Cost of Living in Frankfort, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
95.1
100 = national avg
-4.9 vs national average
Living Wage (1 Adult)
$41,827
per year
Living Wage (Family of 4)
$98,864
per year
Cost Index by Category
Housing111.7
Food89.6
Transportation79.2
Healthcare91.7
Utilities96.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$937
per month
2 Bedroom
$1,224
per month
The overall cost of living index in Frankfort is 95.1, which is 4.9% below the national average. Housing costs are above the national average at an index of 111.7. A single adult needs to earn approximately $41,827 per year to cover basic expenses.