Cost of Living in Watersmeet, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
76.4
100 = national avg
-23.6 vs national average
Living Wage (1 Adult)
$33,630
per year
Living Wage (Family of 4)
$79,489
per year
Cost Index by Category
Housing45.0
Food96.4
Transportation92.8
Healthcare97.1
Utilities86.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$761
per month
2 Bedroom
$973
per month
The overall cost of living index in Watersmeet is 76.4, which is 23.6% below the national average. Housing costs are below the national average at an index of 45.0. A single adult needs to earn approximately $33,630 per year to cover basic expenses.