Cost of Living in Shields, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
113.2
100 = national avg
+13.2 vs national average
Living Wage (1 Adult)
$49,799
per year
Living Wage (Family of 4)
$117,707
per year
Cost Index by Category
Housing101.5
Food114.2
Transportation128.4
Healthcare111.4
Utilities108.8
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 Shields is 113.2, which is 13.2% above the national average. Housing costs are above the national average at an index of 101.5. A single adult needs to earn approximately $49,799 per year to cover basic expenses.