Iron Mountain, MI, offers a more affordable living experience compared to the nationwide average. The cost of living index here stands at 88, which is 12% lower than the national benchmark of 100. This lower cost of living makes it an attractive option for job seekers looking to manage their expenses better.
In detail, Iron Mountain's housing index is 28% below the national average, making it a significant factor in the overall lower cost of living. Other areas like groceries and healthcare also hover below the 100 mark, although not as dramatically as housing, contributing to the overall favorable cost comparison.
Iron Mountain, MI, presents a cost of living that deviates slightly from the nationwide average, which is set at 100. Notably, housing costs in Iron Mountain are about 28% lower than the national average. Specifically, the housing index is recorded at 72. This reduction can be quite beneficial for job seekers looking for affordable living options in the area.
While the housing index is notably lower, other areas such as groceries, transportation, healthcare, and miscellaneous expenses are close to the national average. Groceries in Iron Mountain cost around 13% less at an index of 87. Transportation costs are slightly lower at 95, which is 5% below average. Healthcare expenses in Iron Mountain stand at 88, which is 12% less, and miscellaneous costs at 90 are only 10% below the nationwide figure. Utilities cost the same as the national average at 100. These statistics make Iron Mountain a potentially attractive location for those seeking a balanced and affordable lifestyle.
