Ishpeming, MI, has a lower cost of living compared to the nationwide average. The overall cost of living index for Ishpeming stands at 88, which is 12% below the average of 100. Housing costs in Ishpeming are notably lower, at 80, while groceries and utilities are slightly above average. This makes Ishpeming an attractive option for those seeking a more affordable lifestyle.
Ishpeming, MI, presents a relatively affordable cost of living compared to the nationwide average. The housing index in Ishpeming stands at 80, which is 20% lower than the national average of 100. This suggests that housing expenses in Ishpeming are more affordable, making it an attractive option for those looking to save on their living costs. Additionally, the groceries index is 90, indicating that food costs are only 10% below the national average. This affordability in groceries adds to the overall lower cost of living in Ishpeming.
Utilities in Ishpeming are slightly above the national average, with an index of 95, which is 5% higher. This means that while utilities are not overly expensive, they are not as cheap as other living costs in the area. Transportation costs in Ishpeming are at 85, which is 15% lower than the national average. This makes commuting and other transportation needs more budget-friendly. The healthcare index matches the national average at 100, ensuring that medical expenses are on par with the rest of the country. Lastly, the miscellaneous index is 87, which is 13% below the national average, indicating that other living expenses are also relatively low. Overall, Ishpeming offers a cost of living that is notably lower than the national average in several key areas.
