Ishpeming, MI Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
77
Ishpeming's Overall Cost Of Living
0.8x
Lower Than The National Average
4 out of 175
In Michigan
78 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 Ishpeming is expensive, while a number below 100 means it's a relatively cheap place to live.

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 77 which is 0.8x lower than the national index of 100.

Compared to only Michigan, Ishpeming has a cost of living index that's 0.8x lower than Michigan's index of 91.

The standard of living in Ishpeming ranks as #78 most affordable out of the 6,418 places we measured in Michigan. By definition, that implies Ishpeming ranks as the #6,341 most expensive place in the Wolverine State.

For more reading on life in Ishpeming, check out:

Ishpeming Cost Of Living Vs. Michigan

Living Expense Ishpeming Michigan National Average
Overall 77 91 100
Services 94 95 100
Groceries 94 90 100
Health 101 96 100
Housing 46 76 100
Transportation 89 101 100
Utilities 97 103 100
For more reading on cost of living around Michigan, check out:
Ishpeming Cost of Living Vs. MI

Ishpeming, 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.

$88,600
Median Home Value
$526
Median Rent
$46,783
Median Income
Statistic Ishpeming Michigan United States
Median Home Value $88,600 $162,600 $229,800
Median Rent $526 $892 $1,096
Median Income $46,783 $59,234 $64,994
Home Value To Income 1.9x 2.7x 3.5x
Rent To Monthly Income 0.13x 0.18x 0.2x

Detailed Ishpeming Services Costs Vs. Michigan

Item Ishpeming Michigan
Shampoo $0.91 $1.06
Movie $11.37 $10.68
Bowling $12.05 $14.67

Detailed Ishpeming Groceries Costs Vs. Michigan

Item Ishpeming Michigan
Ground Beef $4.64 $4.22
Fried Chicken $1.1 $1.39
Milk $1.93 $2.05

Detailed Ishpeming Health Costs Vs. Michigan

Item Ishpeming Michigan
Haircut $10.68 $18.62
Beauty Salon $22.7 $39.05
Toothpaste $2.5 $2.34

Detailed Ishpeming Transportation Costs Vs. Michigan

Item Ishpeming 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 Ishpeming Utilities Costs Vs. Michigan

Item Ishpeming Michigan
Gasoline $1.71 $2.22
Tire Balancing $56.2 $50.07
All Electricity $160.46 $167.67
Phone $179.44 $175.64

Ishpeming SnackAbility

6
/10
Overall SnackAbility
Jobs
5/10
Housing
3
Affordability
9
Diversity
4
Safety
8
Amenities
7
Education
8.5
Commute
9

Cost Of Living In Cities Around Ishpeming

City Population Cost Of Living Vs. Ishpeming
Marquette, MI 20,631 92 1.2x
Iron Mountain, MI 7,352 80 1.0x

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