Cost of Living in Hardwood Acres, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
136.3
100 = national avg
+36.3 vs national average
Living Wage (1 Adult)
$59,981
per year
Living Wage (Family of 4)
$141,773
per year
Cost Index by Category
Housing121.5
Food131.9
Transportation163.8
Healthcare125.5
Utilities123.4
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 Hardwood Acres is 136.3, which is 36.3% above the national average. Housing costs are above the national average at an index of 121.5. A single adult needs to earn approximately $59,981 per year to cover basic expenses.