Cost of Living in Lake Gogebic, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
83.3
100 = national avg
-16.7 vs national average
Living Wage (1 Adult)
$36,666
per year
Living Wage (Family of 4)
$86,666
per year
Cost Index by Category
Housing107.7
Food78.1
Transportation56.1
Healthcare82.4
Utilities88.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$888
per month
2 Bedroom
$973
per month
The overall cost of living index in Lake Gogebic is 83.3, which is 16.7% below the national average. Housing costs are above the national average at an index of 107.7. A single adult needs to earn approximately $36,666 per year to cover basic expenses.