Cost of Living in New Troy, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
95.5
100 = national avg
-4.5 vs national average
Living Wage (1 Adult)
$42,016
per year
Living Wage (Family of 4)
$99,310
per year
Cost Index by Category
Housing97.3
Food96.1
Transportation92.1
Healthcare96.8
Utilities97.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$902
per month
2 Bedroom
$1,184
per month
The overall cost of living index in New Troy is 95.5, which is 4.5% below the national average. Housing costs are below the national average at an index of 97.3. A single adult needs to earn approximately $42,016 per year to cover basic expenses.