Cost of Living in Houghton, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
84.9
100 = national avg
-15.1 vs national average
Living Wage (1 Adult)
$37,361
per year
Living Wage (Family of 4)
$88,308
per year
Cost Index by Category
Housing114.4
Food77.1
Transportation54.1
Healthcare81.7
Utilities89.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$800
per month
2 Bedroom
$973
per month
The overall cost of living index in Houghton is 84.9, which is 15.1% below the national average. Housing costs are above the national average at an index of 114.4. A single adult needs to earn approximately $37,361 per year to cover basic expenses.