Iron Mountain, MI is a great place to live with a low cost of living. The average rent for a two bedroom apartment is $800 compared to the national average of $1,430. Grocery costs are also lower in Iron Mountain with an index score of 89 compared to the US's at 100. This means groceries are 11% cheaper here than in other parts of the country.
Iron Mountain is home to several notable businesses such as North Star Systems Inc., Pine Grove Country Club, and Penokee Range Construction Co. These companies provide ample job opportunities for those looking to move to Iron Mountain or stay in the area. All three have been around since the late 1970s and show no signs of leaving anytime soon.
Overall, Iron Mountain, MI is an excellent place for those looking for a low cost of living combined with plenty of job opportunities from local businesses. With a two bedroom rental rate at $800 and groceries being 11% cheaper than other places in the US, Iron Mountain is sure to attract many potential renters!
Iron Mountain (zip 49801) has an unemployment rate of 5.2%. The US average is 6.0%.
Iron Mountain (zip 49801) has seen the job market decrease by -3.6% 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 (zip 49801)
- The Sales Tax Rate for Iron Mountain (zip 49801) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Iron Mountain (zip 49801) 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 (zip 49801)
- The average income of a Iron Mountain (zip 49801) resident is $33,423 a year. The US average is $37,638 a year.
- The Median household income of a Iron Mountain (zip 49801) resident is $53,097 a year. The US average is $69,021 a year.