Housing costs in Iron Mountain?
A typical home costs
$115,000, which is 66.0% less expensive than the national average of
$338,100 and 47.4% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Iron Mountain costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 31.0% cheaper than the state average of
$1,100.
Can I afford Iron Mountain?
To live comfortably in Iron Mountain, Michigan, a minimum annual income of
$21,960 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Iron Mountain?
Iron Mountain, MI is an affordable place to live with a relatively low cost of living. The median home value in Iron Mountain is $81,500, much lower than the national median of $217,600. Groceries and transportation costs are also lower than the US average, while there are slightly higher utilities expenses. Overall, Iron Mountain offers a comfortable lifestyle at an affordable price.