Iron Mountain, MI, has a cost of living index that is generally lower than the nationwide average. The overall cost of living index for Iron Mountain stands at 88, which is 12% lower than the national average of 100. This lower cost of living makes it an attractive option for job seekers looking to manage expenses effectively while maintaining a reasonable standard of living.
Iron Mountain, MI, offers a cost of living that is notably lower than the nationwide average, which is set at 100. The housing index in Iron Mountain stands at 80, indicating that housing costs are 20% lower than the national average. This makes it an attractive option for individuals and families looking to save on their housing expenses.
In addition to housing, other cost categories in Iron Mountain also reflect lower expenses. Groceries, for example, have an index of 92, which is 8% lower than the national average. Utilities are at 90, meaning they are 10% cheaper. Transportation costs are at 85, which is 15% lower. Healthcare costs are slightly higher, with an index of 95, but still only 5% above the national average. Miscellaneous costs are at 88, which is 12% lower. Overall, Iron Mountain provides a cost-effective living environment for many essential expenses.
