Cost of Living in Hersey, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
90.0
100 = national avg
-10.0 vs national average
Living Wage (1 Adult)
$39,604
per year
Living Wage (Family of 4)
$93,610
per year
Cost Index by Category
Housing83.0
Food95.9
Transportation91.7
Healthcare96.7
Utilities94.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$749
per month
2 Bedroom
$983
per month
The overall cost of living index in Hersey is 90.0, which is 10.0% below the national average. Housing costs are below the national average at an index of 83.0. A single adult needs to earn approximately $39,604 per year to cover basic expenses.