Cost of Living in Romeo, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
112.8
100 = national avg
+12.8 vs national average
Living Wage (1 Adult)
$49,638
per year
Living Wage (Family of 4)
$117,327
per year
Cost Index by Category
Housing119.8
Food106.2
Transportation112.4
Healthcare104.9
Utilities107.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,122
per month
2 Bedroom
$1,411
per month
The overall cost of living index in Romeo is 112.8, which is 12.8% above the national average. Housing costs are above the national average at an index of 119.8. A single adult needs to earn approximately $49,638 per year to cover basic expenses.