Cost of Living in Onaway, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
65.0
100 = national avg
-35.0 vs national average
Living Wage (1 Adult)
$28,583
per year
Living Wage (Family of 4)
$67,559
per year
Cost Index by Category
Housing51.7
Food80.7
Transportation61.4
Healthcare84.6
Utilities78.8
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 Onaway is 65.0, which is 35.0% below the national average. Housing costs are below the national average at an index of 51.7. A single adult needs to earn approximately $28,583 per year to cover basic expenses.