Cost of Living in Saginaw, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
73.0
100 = national avg
-27.0 vs national average
Living Wage (1 Adult)
$32,108
per year
Living Wage (Family of 4)
$75,892
per year
Cost Index by Category
Housing73.0
Food78.5
Transportation70.9
Healthcare82.8
Utilities81.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$851
per month
2 Bedroom
$1,117
per month
The overall cost of living index in Saginaw is 73.0, which is 27.0% below the national average. Housing costs are below the national average at an index of 73.0. A single adult needs to earn approximately $32,108 per year to cover basic expenses.