Cost of Living in Ovid, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
80.4
100 = national avg
-19.6 vs national average
Living Wage (1 Adult)
$35,362
per year
Living Wage (Family of 4)
$83,584
per year
Cost Index by Category
Housing77.0
Food87.5
Transportation75.0
Healthcare90.0
Utilities87.9
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 Ovid is 80.4, which is 19.6% below the national average. Housing costs are below the national average at an index of 77.0. A single adult needs to earn approximately $35,362 per year to cover basic expenses.