Cost of Living in Powers, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
65.2
100 = national avg
-34.8 vs national average
Living Wage (1 Adult)
$28,709
per year
Living Wage (Family of 4)
$67,857
per year
Cost Index by Category
Housing48.1
Food77.1
Transportation86.5
Healthcare81.7
Utilities75.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$771
per month
2 Bedroom
$973
per month
The overall cost of living index in Powers is 65.2, which is 34.8% below the national average. Housing costs are below the national average at an index of 48.1. A single adult needs to earn approximately $28,709 per year to cover basic expenses.