Housing costs in Ironwood?
A typical home costs
$79,700, which is 76.4% less expensive than the national average of
$338,100 and 63.6% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Ironwood costs
$720 per month, which is 49.7% cheaper than the national average of
$1,430 and 52.8% cheaper than the state average of
$1,100.
Can I afford Ironwood?
To live comfortably in Ironwood, Michigan, a minimum annual income of
$15,120 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Ironwood?
Ironwood, MI is an affordable city to live in with an estimated cost of living index of 88.3, which is 12.7% lower than the national average. This makes it a great place for young families and individuals looking to start their lives on a budget. The median house price is $76,000 which is much lower than the national average of $184,700. Additionally, there are plenty of low-cost restaurants, movie theaters, and shops in Ironwood to enjoy on a budget. All in all, Ironwood is an ideal city to live in due to its affordability and variety of activities available.