Cost of Living in Taylor, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
96.5
100 = national avg
-3.5 vs national average
Living Wage (1 Adult)
$42,473
per year
Living Wage (Family of 4)
$100,391
per year
Cost Index by Category
Housing101.9
Food95.5
Transportation89.9
Healthcare96.4
Utilities97.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,122
per month
2 Bedroom
$1,411
per month
The overall cost of living index in Taylor is 96.5, which is 3.5% below the national average. Housing costs are above the national average at an index of 101.9. A single adult needs to earn approximately $42,473 per year to cover basic expenses.