Cost of Living in Lakes of the North, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
96.3
100 = national avg
-3.7 vs national average
Living Wage (1 Adult)
$42,386
per year
Living Wage (Family of 4)
$100,185
per year
Cost Index by Category
Housing89.9
Food100.1
Transportation100.2
Healthcare100.1
Utilities98.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$897
per month
2 Bedroom
$1,162
per month
The overall cost of living index in Lakes of the North is 96.3, which is 3.7% below the national average. Housing costs are below the national average at an index of 89.9. A single adult needs to earn approximately $42,386 per year to cover basic expenses.