Cost of Living in Wolf Lake, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
83.8
100 = national avg
-16.2 vs national average
Living Wage (1 Adult)
$36,852
per year
Living Wage (Family of 4)
$87,105
per year
Cost Index by Category
Housing86.3
Food87.5
Transportation74.9
Healthcare90.0
Utilities89.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$942
per month
2 Bedroom
$1,236
per month
The overall cost of living index in Wolf Lake is 83.8, which is 16.2% below the national average. Housing costs are below the national average at an index of 86.3. A single adult needs to earn approximately $36,852 per year to cover basic expenses.