Cost of Living in Shoreham, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
148.1
100 = national avg
+48.1 vs national average
Living Wage (1 Adult)
$65,167
per year
Living Wage (Family of 4)
$154,031
per year
Cost Index by Category
Housing147.6
Food134.3
Transportation168.5
Healthcare127.4
Utilities130.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$902
per month
2 Bedroom
$1,184
per month
The overall cost of living index in Shoreham is 148.1, which is 48.1% above the national average. Housing costs are above the national average at an index of 147.6. A single adult needs to earn approximately $65,167 per year to cover basic expenses.