Cost of Living in New Era, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
110.4
100 = national avg
+10.4 vs national average
Living Wage (1 Adult)
$48,597
per year
Living Wage (Family of 4)
$114,867
per year
Cost Index by Category
Housing98.7
Food112.3
Transportation124.6
Healthcare109.8
Utilities107.1
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 New Era is 110.4, which is 10.4% above the national average. Housing costs are below the national average at an index of 98.7. A single adult needs to earn approximately $48,597 per year to cover basic expenses.