Cost of Living in Stephenson, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
72.0
100 = national avg
-28.0 vs national average
Living Wage (1 Adult)
$31,694
per year
Living Wage (Family of 4)
$74,914
per year
Cost Index by Category
Housing64.7
Food83.3
Transportation66.5
Healthcare86.6
Utilities82.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$771
per month
2 Bedroom
$973
per month
The overall cost of living index in Stephenson is 72.0, which is 28.0% below the national average. Housing costs are below the national average at an index of 64.7. A single adult needs to earn approximately $31,694 per year to cover basic expenses.