Cost of Living in Big Bay, MI
Population: 307 | Michigan
Big Bay is 6% less expensive than the national average.
Cost of Living in Big Bay, MI: What You Need to Know
With a cost of living index of 94, Big Bay, MI is slightly more affordable than average. Living here is 6% cheaper than the national average and 16% above the Michigan state average of 78. Big Bay is a small community of 307 residents.
The median household income in Big Bay is $48,672, which is 35% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $48,672
- vs US Median ($75,149)
- -35%
Housing
- Median Home Value
- $261,400
- Median Monthly Housing Cost
- $532/mo