Cost of Living in Schoolcraft, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
109.5
100 = national avg
+9.5 vs national average
Living Wage (1 Adult)
$48,170
per year
Living Wage (Family of 4)
$113,856
per year
Cost Index by Category
Housing103.1
Food113.3
Transportation103.3
Healthcare110.6
Utilities108.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$998
per month
2 Bedroom
$1,162
per month
The overall cost of living index in Schoolcraft is 109.5, which is 9.5% above the national average. Housing costs are above the national average at an index of 103.1. A single adult needs to earn approximately $48,170 per year to cover basic expenses.