Housing costs in Ishpeming?
A typical home costs
$142,700, which is 57.8% less expensive than the national average of
$338,100 and 34.8% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Ishpeming costs
$890 per month, which is 19.1% cheaper than the national average of
$1,100 and close to the state average of
$900.
Can I afford Ishpeming?
To live comfortably in Ishpeming (zip 49849), Michigan, a minimum annual income of
$27,360 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Ishpeming?
Living in 49849 Ishpeming, MI is quite affordable when compared to the rest of the United States. The median home cost in this area is $92,400, compared to the national average of $231,200. The cost of groceries and other essential items are also much lower than most places in the country. Additionally, utilities are quite low; electricity prices average 9.15 cents per kWh and natural gas prices average $1.13 per therm. Finally, sales taxes for Ishpeming are 6%, while most states have a rate of 5%. With these relatively low costs of living, 49849 Ishpeming is an ideal place for families to settle down and enjoy a more financially secure future.