Cost of Living in Skidway Lake, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
66.3
100 = national avg
-33.7 vs national average
Living Wage (1 Adult)
$29,165
per year
Living Wage (Family of 4)
$68,936
per year
Cost Index by Category
Housing66.1
Food76.2
Transportation52.5
Healthcare81.0
Utilities78.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$843
per month
2 Bedroom
$989
per month
The overall cost of living index in Skidway Lake is 66.3, which is 33.7% below the national average. Housing costs are below the national average at an index of 66.1. A single adult needs to earn approximately $29,165 per year to cover basic expenses.