Cost of Living in Indian River, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
96.4
100 = national avg
-3.6 vs national average
Living Wage (1 Adult)
$42,411
per year
Living Wage (Family of 4)
$100,243
per year
Cost Index by Category
Housing98.8
Food96.4
Transportation92.9
Healthcare97.1
Utilities97.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$803
per month
2 Bedroom
$1,054
per month
The overall cost of living index in Indian River is 96.4, which is 3.6% below the national average. Housing costs are below the national average at an index of 98.8. A single adult needs to earn approximately $42,411 per year to cover basic expenses.