Cost of Living in Otter Lake, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
75.4
100 = national avg
-24.6 vs national average
Living Wage (1 Adult)
$33,159
per year
Living Wage (Family of 4)
$78,376
per year
Cost Index by Category
Housing73.2
Food83.4
Transportation66.9
Healthcare86.8
Utilities84.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,122
per month
2 Bedroom
$1,411
per month
The overall cost of living index in Otter Lake is 75.4, which is 24.6% below the national average. Housing costs are below the national average at an index of 73.2. A single adult needs to earn approximately $33,159 per year to cover basic expenses.