Cost of Living in New Lothrop, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
106.8
100 = national avg
+6.8 vs national average
Living Wage (1 Adult)
$47,009
per year
Living Wage (Family of 4)
$111,113
per year
Cost Index by Category
Housing94.4
Food110.0
Transportation120.0
Healthcare108.0
Utilities104.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$812
per month
2 Bedroom
$1,066
per month
The overall cost of living index in New Lothrop is 106.8, which is 6.8% above the national average. Housing costs are below the national average at an index of 94.4. A single adult needs to earn approximately $47,009 per year to cover basic expenses.