Iron Mountain, MI, has a cost of living index that is slightly lower than the nationwide average. The overall cost of living index for Iron Mountain stands at 93, which is 7% below the national average of 100. This means that, on average, living expenses in Iron Mountain are 7% less than in the rest of the country.
Specifically, housing costs in Iron Mountain are 12% below the national average, with an index of 88. Groceries and utilities are also slightly lower, at 95 and 102, respectively. Transportation costs are 10% below the national average, while healthcare costs are 3% below. Miscellaneous expenses are 2% below the national average, making Iron Mountain a relatively affordable place to live.
Iron Mountain, MI, presents a cost of living that is generally lower than the nationwide average, which is set at 100. Housing costs in Iron Mountain stand at 88, indicating that residents can expect to pay 12% less than the national average for housing. This lower housing index can be particularly attractive to job seekers looking for affordable living options.
In other areas, Iron Mountain also offers competitive costs. Groceries are priced at 95, which is 5% below the national average. Transportation costs are at 90, meaning residents spend 10% less on getting around compared to the average American. While utilities are slightly higher at 102, the cost is only 2% above the average, making it a manageable expense. Healthcare costs are at 97, which is 3% below the national average, and miscellaneous expenses are at 92, 8% under the average. Overall, Iron Mountain provides a cost of living that is favorable for those seeking a balance between affordability and quality of life.
