Ishpeming, MI, has a lower cost of living compared to the nationwide average. The overall cost of living index in Ishpeming stands at 88, which is 12% lower than the national average of 100. This reduction is primarily driven by lower housing and transportation costs, while utilities and healthcare remain close to the average.
Ishpeming, MI, presents a cost of living that is notably lower than the nationwide average, which is set at 100. Housing costs in Ishpeming stand at 85, which is 15% below the national average. This makes housing more affordable for residents and job seekers considering a move to the area. Additionally, groceries cost 90 in Ishpeming, which is 10% less than the average, offering some relief to those managing household budgets.
Utilities in Ishpeming are priced at 95, just 5% below the national average, indicating a slight advantage for residents. Transportation costs are also 85, which is 15% lower than the average, making commuting and travel more economical. Healthcare costs are at 95, matching the national average, ensuring that medical expenses are comparable to what one might find elsewhere. Miscellaneous costs are 88, which is 12% below the average, providing further savings in everyday expenses. Overall, Ishpeming offers a cost of living that is attractive for those seeking a more affordable lifestyle.
