Cost of Living in Laurium, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
69.1
100 = national avg
-30.9 vs national average
Living Wage (1 Adult)
$30,397
per year
Living Wage (Family of 4)
$71,847
per year
Cost Index by Category
Housing58.6
Food82.3
Transportation65.8
Healthcare85.8
Utilities81.1
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 Laurium is 69.1, which is 30.9% below the national average. Housing costs are below the national average at an index of 58.6. A single adult needs to earn approximately $30,397 per year to cover basic expenses.