Cost of Living in St. James, MI

With a cost of living index of 83, St. James, MI is a very affordable place to live. Living here is 17% cheaper than the national average and 5% above the Michigan state average of 78. St. James is a small community of 259 residents.

Housing costs are the biggest factor in St. James's cost of living. The median monthly rent is $925 (30% below the US median of $1,319), and the median home value sits at $275,000 (10% below the national median of $304,900). At current prices, the median home costs roughly 3.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in St. James is $82,708, which is 10% higher than the national median of $75,149. Residents spend roughly 13% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.