Cost of Living in Olivet, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
84.0
100 = national avg
-16.0 vs national average
Living Wage (1 Adult)
$36,953
per year
Living Wage (Family of 4)
$87,342
per year
Cost Index by Category
Housing94.4
Food84.3
Transportation68.7
Healthcare87.5
Utilities89.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,012
per month
2 Bedroom
$1,268
per month
The overall cost of living index in Olivet is 84.0, which is 16.0% below the national average. Housing costs are below the national average at an index of 94.4. A single adult needs to earn approximately $36,953 per year to cover basic expenses.