Cost of Living in Melvin, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
86.2
100 = national avg
-13.8 vs national average
Living Wage (1 Adult)
$37,907
per year
Living Wage (Family of 4)
$89,598
per year
Cost Index by Category
Housing64.8
Food87.7
Transportation142.6
Healthcare90.2
Utilities85.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$742
per month
2 Bedroom
$973
per month
The overall cost of living index in Melvin is 86.2, which is 13.8% below the national average. Housing costs are below the national average at an index of 64.8. A single adult needs to earn approximately $37,907 per year to cover basic expenses.