Cost of Living in Hopkins, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
106.2
100 = national avg
+6.2 vs national average
Living Wage (1 Adult)
$46,727
per year
Living Wage (Family of 4)
$110,446
per year
Cost Index by Category
Housing95.1
Food109.0
Transportation118.0
Healthcare107.2
Utilities104.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$966
per month
2 Bedroom
$1,267
per month
The overall cost of living index in Hopkins is 106.2, which is 6.2% above the national average. Housing costs are below the national average at an index of 95.1. A single adult needs to earn approximately $46,727 per year to cover basic expenses.