What is the cost of living in Ishpeming, MI?
According to the most recent data on the cost of living, Ishpeming has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Michigan, Ishpeming has a cost of living index that's 0.9x lower than Michigan's index of 91.
The standard of living in Ishpeming ranks as #17 most affordable out of the 179 places we measured in Michigan. By definition, that implies Ishpeming ranks as the #162 most expensive place in the Wolverine State.
For more reading on life in Ishpeming, check out:
Ishpeming Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Ishpeming. Here is how it fares on each of the criteria:
The Services index in Ishpeming is 95.
The Groceries index in Ishpeming is 96.
The Health index in Ishpeming is 52.
The Housing index in Ishpeming is 100.
The Transportation index in Ishpeming is 101.
The Utilities index in Ishpeming is 92.
| Living Expense | Ishpeming | Michigan | National Average |
|---|---|---|---|
| Overall | 83 | 91 | 100 |
| Services | 95 | 97 | 100 |
| Groceries | 96 | 98 | 100 |
| Health | 52 | 75 | 100 |
| Housing | 100 | 98 | 100 |
| Transportation | 101 | 101 | 100 |
| Utilities | 92 | 98 | 100 |
Ishpeming Cost Of Living Compared To Michigan Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Michigan, check out:
Protect your home budget Compare home warranties in Ishpeming Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Ishpeming, MI Housing Cost Breakdown
Housing swings affordability the most between places in Michigan, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Ishpeming is $182,186.
The Median Rent in Ishpeming is $733.
The Median Income in Ishpeming is $52,754.
The Home Value To Income in Ishpeming is 3.5x.
The Rent To Monthly Income in Ishpeming is 0.17x.
Ishpeming, MI Costs By Category
Detailed Ishpeming Services costs vs. Michigan
Detailed Ishpeming Groceries costs vs. Michigan
Detailed Ishpeming Health costs vs. Michigan
Detailed Ishpeming Transportation costs vs. Michigan
Ishpeming SnackAbility
Cost Of Living In Cities Around Ishpeming
The cost of living varies in the cities and towns around Ishpeming. Here's a quick look at the cost of living in the most populous nearby places:
Marquette, MI has a cost of living index of 99, 1.2x Ishpeming.
Iron Mountain, MI has a cost of living index of 84, 1.0x Ishpeming.
| City | Population | Cost Of Living | Vs. Ishpeming |
|---|---|---|---|
| Marquette, MI | 21,325 | 99 | 1.2x |
| Iron Mountain, MI | 7,518 | 84 | 1.0x |
