Iron Mountain, MI Cost Of Living
Iron Mountain's Overall Cost Of Living
Lower Than The National Average
In Michigan
In America
What is the cost of living in Iron Mountain, MI?
According to the most recent data on the cost of living, Iron Mountain has an overall cost of living index of 80 which is 0.8x lower than the national index of 100.
Compared to only Michigan, Iron Mountain has a cost of living index that's 0.9x lower than Michigan's index of 91.
The standard of living in Iron Mountain ranks as #211 most affordable out of the 6,418 places we measured in Michigan. By definition, that implies Iron Mountain ranks as the #6,207 most expensive place in the Wolverine State.
Iron Mountain Cost Of Living Vs. Michigan
| Living Expense | Iron Mountain | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 80 | 91 | 100 | |
| Services | 92 | 95 | 100 | |
| Groceries | 95 | 90 | 100 | |
| Health | 100 | 96 | 100 | |
| Housing | 46 | 76 | 100 | |
| Transportation | 87 | 101 | 100 | |
| Utilities | 98 | 103 | 100 | |
Iron Mountain, MI Housing Cost Breakdown
Housing swings affordability the most between places in Michigan, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Median Home Value
Median Rent
Median Income
| Statistic | Iron Mountain | Michigan | United States |
|---|---|---|---|
| Median Home Value | $96,100 | $162,600 | $229,800 |
| Median Rent | $643 | $892 | $1,096 |
| Median Income | $48,086 | $59,234 | $64,994 |
| Home Value To Income | 2.0x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.18x | 0.2x |
Detailed Iron Mountain Services Costs Vs. Michigan
| Item | Iron Mountain | Michigan |
|---|---|---|
| Shampoo | $0.91 | $1.06 |
| Movie | $11.37 | $10.68 |
| Bowling | $12.05 | $14.67 |
Detailed Iron Mountain Groceries Costs Vs. Michigan
| Item | Iron Mountain | Michigan |
|---|---|---|
| Ground Beef | $4.64 | $4.22 |
| Fried Chicken | $1.1 | $1.39 |
| Milk | $1.93 | $2.05 |
Detailed Iron Mountain Health Costs Vs. Michigan
| Item | Iron Mountain | Michigan |
|---|---|---|
| Haircut | $10.68 | $18.62 |
| Beauty Salon | $22.7 | $39.05 |
| Toothpaste | $2.5 | $2.34 |
Detailed Iron Mountain Transportation Costs Vs. Michigan
| Item | Iron Mountain | Michigan |
|---|---|---|
| Potatoes | $2.89 | $3.29 |
| Pizza | $10.01 | $10.62 |
| Beer | $8.19 | $9.38 |
| Optometrist | $74.0 | $108.57 |
| Doctor | $176.5 | $116.17 |
| Dentist | $81.33 | $99.13 |
Detailed Iron Mountain Utilities Costs Vs. Michigan
| Item | Iron Mountain | Michigan |
|---|---|---|
| Gasoline | $1.71 | $2.22 |
| Tire Balancing | $56.2 | $50.07 |
| All Electricity | $160.46 | $167.67 |
| Phone | $179.44 | $175.64 |
Iron Mountain SnackAbility
/10
Cost Of Living In Cities Around Iron Mountain
| City | Population | Cost Of Living | Vs. Iron Mountain |
|---|---|---|---|
| Escanaba, MI | 12,180 | 80 | 1.0x |
| Ishpeming, MI | 6,433 | 77 | 1.0x |
