Cost of Living in Shelby, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
80.4
100 = national avg
-19.6 vs national average
Living Wage (1 Adult)
$35,376
per year
Living Wage (Family of 4)
$83,616
per year
Cost Index by Category
Housing71.6
Food90.7
Transportation75.8
Healthcare92.6
Utilities88.8
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 Shelby is 80.4, which is 19.6% below the national average. Housing costs are below the national average at an index of 71.6. A single adult needs to earn approximately $35,376 per year to cover basic expenses.