Cost of Living in Martin, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
79.4
100 = national avg
-20.6 vs national average
Living Wage (1 Adult)
$34,925
per year
Living Wage (Family of 4)
$82,550
per year
Cost Index by Category
Housing60.1
Food93.4
Transportation86.9
Healthcare94.7
Utilities88.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$966
per month
2 Bedroom
$1,267
per month
The overall cost of living index in Martin is 79.4, which is 20.6% below the national average. Housing costs are below the national average at an index of 60.1. A single adult needs to earn approximately $34,925 per year to cover basic expenses.