Cost of Living in Petersburg, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
111.2
100 = national avg
+11.2 vs national average
Living Wage (1 Adult)
$48,918
per year
Living Wage (Family of 4)
$115,625
per year
Cost Index by Category
Housing110.6
Food108.1
Transportation116.3
Healthcare106.5
Utilities107.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,011
per month
2 Bedroom
$1,326
per month
The overall cost of living index in Petersburg is 111.2, which is 11.2% above the national average. Housing costs are above the national average at an index of 110.6. A single adult needs to earn approximately $48,918 per year to cover basic expenses.