Cost of Living in Saranac, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
87.4
100 = national avg
-12.6 vs national average
Living Wage (1 Adult)
$38,434
per year
Living Wage (Family of 4)
$90,844
per year
Cost Index by Category
Housing68.1
Food99.0
Transportation98.1
Healthcare99.2
Utilities93.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$921
per month
2 Bedroom
$1,209
per month
The overall cost of living index in Saranac is 87.4, which is 12.6% below the national average. Housing costs are below the national average at an index of 68.1. A single adult needs to earn approximately $38,434 per year to cover basic expenses.