Cost of Living in Newaygo, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
82.0
100 = national avg
-18.0 vs national average
Living Wage (1 Adult)
$36,086
per year
Living Wage (Family of 4)
$85,294
per year
Cost Index by Category
Housing94.6
Food82.1
Transportation64.1
Healthcare85.6
Utilities88.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$744
per month
2 Bedroom
$976
per month
The overall cost of living index in Newaygo is 82.0, which is 18.0% below the national average. Housing costs are below the national average at an index of 94.6. A single adult needs to earn approximately $36,086 per year to cover basic expenses.