Ishpeming, MI Cost of Living


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Ishpeming cost of living score
85.9
Less expensive
14.1% lower
than the US average
6.1% lower
than the Michigan average
Ishpeming, Michigan gets a BestPlaces Cost of Living score of 85.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 14.1% lower than the U.S. average and 6.1% higher than the average for Michigan.

Ishpeming, MI

Housing costs in Ishpeming?
A typical home costs $137,800, which is 59.2% less expensive than the national average of $338,100 and 37.0% less expensive than the average Michigan home, at $218,700. Renting a two-bedroom unit in Ishpeming costs $930 per month, which is 35.0% cheaper than the national average of $1,430 and 18.3% cheaper than the state average of $1,100.

Can I afford Ishpeming?
To live comfortably in Ishpeming, Michigan, a minimum annual income of $26,280 for a family, and $30,000 for a single person is recommended.

What does A.I. say about Ishpeming?
The cost of living in Ishpeming, MI is very reasonable. Housing is affordable with the median home value being around $100,000. The cost of groceries and other necessities are also fairly low. Additionally, taxes are relatively low compared to other cities in the area, making it an attractive place to live for many people. All in all, Ishpeming is a great place to call home due to its affordability and quality of life.
   Cost of living score
     CategoriesIshpemingMichiganUnited States
  85.991.5100.0
  90.493.4100
  120.284.8100.0
  40.071.2100.0
  $137,800$218,700$338,100
  121.7%100.1%100.0%
  77.0115.1100.0
  106.195.9100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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