Cost of Living in Lakeview, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
65.1
100 = national avg
-34.9 vs national average
Living Wage (1 Adult)
$28,638
per year
Living Wage (Family of 4)
$67,690
per year
Cost Index by Category
Housing69.2
Food73.6
Transportation47.2
Healthcare78.9
Utilities78.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,016
per month
2 Bedroom
$1,203
per month
The overall cost of living index in Lakeview is 65.1, which is 34.9% below the national average. Housing costs are below the national average at an index of 69.2. A single adult needs to earn approximately $28,638 per year to cover basic expenses.