Cost of Living in Rapid River, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
68.4
100 = national avg
-31.6 vs national average
Living Wage (1 Adult)
$30,082
per year
Living Wage (Family of 4)
$71,103
per year
Cost Index by Category
Housing62.4
Food80.1
Transportation60.2
Healthcare84.1
Utilities80.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$742
per month
2 Bedroom
$973
per month
The overall cost of living index in Rapid River is 68.4, which is 31.6% below the national average. Housing costs are below the national average at an index of 62.4. A single adult needs to earn approximately $30,082 per year to cover basic expenses.