Ironwood, MI is a beautiful city located in the Upper Peninsula of Michigan. Home to just over 5,000 people, Ironwood is a small but vibrant community. The two bedroom rent in Ironwood is $760, far lower than the US average at $1,430. Its Grocery Cost Index is also 92 compared to the US average of 100. Residents of Ironwood have access to great local businesses and shops such as C.H. Temmes Auto Body Shop for all automotive needs and Ironwood Hardware for home improvement projects. For grocery shopping there’s West End Market and Pete’s County Market while Valkonen's Dept Store or Streator's Department Store are great spots for clothing and gifts.
Ironwood (zip 49938) has an unemployment rate of 5.6%. The US average is 6.0%.
Ironwood (zip 49938) has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 17.8%, which is lower than the US average of 33.5%.
Tax Rates for Ironwood (zip 49938)
- The Sales Tax Rate for Ironwood (zip 49938) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ironwood (zip 49938) 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 Ironwood (zip 49938)
- The average income of a Ironwood (zip 49938) resident is $20,083 a year. The US average is $28,555 a year.
- The Median household income of a Ironwood (zip 49938) resident is $39,176 a year. The US average is $69,021 a year.