Iron Mountain, MI Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
Iron Mountain's Overall Cost Of Living
Lower Than The National Average
15 out of 175
In Michigan
211 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Iron Mountain is expensive, while a number below 100 means it's a relatively cheap place to live.

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.

For more reading on life in Iron Mountain, check out:

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
For more reading on cost of living around Michigan, check out:
Iron Mountain Cost of Living Vs. MI

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

Overall SnackAbility

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

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