Cost of Living in Loomis, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
83.7
100 = national avg
-16.3 vs national average
Living Wage (1 Adult)
$36,812
per year
Living Wage (Family of 4)
$87,010
per year
Cost Index by Category
Housing55.3
Food99.7
Transportation102.7
Healthcare99.7
Utilities90.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$880
per month
2 Bedroom
$1,013
per month
The overall cost of living index in Loomis is 83.7, which is 16.3% below the national average. Housing costs are below the national average at an index of 55.3. A single adult needs to earn approximately $36,812 per year to cover basic expenses.