Ishpeming, MI is a charming and affordable city located in Michigan's Upper Peninsula. It has an estimated population of 6,370 and offers 2 bedroom rentals at $930 per month, much lower than the national average of $1,430. This city is great for families looking for a cost effective home. The grocery cost index in Ishpeming is also much lower than the US average, at 90 versus 100. \nThe city has many local businesses to offer its residents such as The Iron Street Market, Take Five Coffee & Tea Lounge and Jilbert Dairy. There are plenty of outdoor activities to enjoy such as hiking, biking or skiing in the nearby Escanaba Area State Forest Park or enjoying a day at Lake Superior. Living in Ishpeming provides many benefits such as lower rent prices, close proximity to nature and local businesses that make life easier and more enjoyable.
Ishpeming has an unemployment rate of 5.9%. The US average is 6.0%.
Ishpeming has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Ishpeming
- The Sales Tax Rate for Ishpeming is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ishpeming 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 Ishpeming
- The average income of a Ishpeming resident is $18,991 a year. The US average is $28,555 a year.
- The Median household income of a Ishpeming resident is $49,757 a year. The US average is $69,021 a year.