Iron Mountain, MI is a great place to live for those looking to save money but still enjoy a comfortable lifestyle. The city offers an affordable two bedroom rent of $840 compared to the national average of $1,430. Grocery costs are also significantly lower at 89 compared to 100 nationally.
The city is home to several companies such as Adient, DMI Furniture Inc, Wausau Supply Company, and Cuhaci & Peterson Architects Engineers Planners. Iron Mountain is located near other cities like Kingsford, Norway, Vulcan, and Lake Antoine. All of these provide unique opportunities for employment and leisure activities such as outdoor recreation and local festivals.
Iron Mountain has an unemployment rate of 5.2%. The US average is 6.0%.
Iron Mountain has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 27.3%, which is lower than the US average of 33.5%.
Tax Rates for Iron Mountain
- The Sales Tax Rate for Iron Mountain is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Iron Mountain is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Iron Mountain
- The average income of a Iron Mountain resident is $23,007 a year. The US average is $28,555 a year.
- The Median household income of a Iron Mountain resident is $50,099 a year. The US average is $69,021 a year.