Cost of Living in Palmer, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
81.3
100 = national avg
-18.7 vs national average
Living Wage (1 Adult)
$35,792
per year
Living Wage (Family of 4)
$84,600
per year
Cost Index by Category
Housing45.4
Food98.9
Transportation114.5
Healthcare99.1
Utilities88.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$973
per month
2 Bedroom
$1,137
per month
The overall cost of living index in Palmer is 81.3, which is 18.7% below the national average. Housing costs are below the national average at an index of 45.4. A single adult needs to earn approximately $35,792 per year to cover basic expenses.