A-
Overall 18%
Goods & Services 4%
Housing 54%
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Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexIshpemingMichiganNational
Cost of living8289100
Goods & Services9794100
Groceries9191100
Health care9595100
Housing4674100
Transportation105102100
Utilities97102100

Key findings

  • The cost of living in Ishpeming is 8% lower than the Michigan average
  • The cost of living in Ishpeming is 18% lower than the national average
  • Ishpeming housing is 54% lower than the national average
  • Michigan general sales tax is 18% higher than the national average
  • Michigan state income tax is 72% higher than the national average

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Compare Ishpeming, MI Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$48,496$4,041$1,131$1,455
      Renters$14,364$1,197$335$431
      The affordability of the housing market in Ishpeming, MI as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Ishpeming homeowners, the median income is $48,496. This indicates that a monthly maximum of $1,131 should be spent by homeowners on all housing related costs. Renters have a median income of $14,364. This indicates that renters would have a maximum of $335 for their rent related monthly costs.

      Michigan Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Michigan6%6%

      Michigan Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Michigan4.25%4.25%

      Goods & Services

      ItemIshpemingNational avg.Difference
      Haircut $13.13$20.2735.2%
      Beauty Salon $21.31$40.3947.3%
      Toothpaste $2.39$2.361.4%
      Shampoo $0.94$1.0812.7%
      Movie $12.38$10.9912.6%
      Bowling $15.50$15.490.1%

      Groceries

      ItemIshpemingNational avg.Difference
      Ground Beef $4.30$4.300.1%
      Fried Chicken $1.19$1.4014.7%
      Milk $1.79$2.2018.7%
      Potatoes $2.46$3.2223.7%
      Pizza $9.74$10.749.3%
      Beer $8.62$9.6010.2%

      Health Care

      ItemIshpemingNational avg.Difference
      Optometrist $72.11$109.7334.3%
      Doctor $176.50$118.3449.1%
      Dentist $81.33$100.9419.4%
      Ibuprofen $9.33$9.936.1%
      Lipitor $343.24$469.5326.9%

      Housing

      ItemIshpemingNational avg.Difference
      Home Price $80,500.00$184,700.0056.4%
      Avg. Mortgage Payment $1,029.41$1,229.6216.3%
      Apartment Rent $500.00$949.0047.3%

      Transportation

      ItemIshpemingNational avg.Difference
      Gasoline $2.56$2.715.5%
      Tire Balancing $62.99$51.8621.5%

      Utilities

      ItemIshpemingNational avg.Difference
      All Electricity$164.01$170.844.0%
      Phone $182.84$187.182.3%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      CityPopulationCost of Living IndexNational Avg.
      K. I. Sawyer, MI3,2097921.3%
      Republic, MI3707921.0%
      Gwinn, MI2,0278119.5%
      Palmer, MI4008217.6%
      Negaunee, MI4,6068614.3%
      Ishpeming, MI6,5098218.5%

      Cities with similar population

      CityPopulationCost of Living IndexNational Avg.
      Darnestown, MD6,50917171.1%
      Catasauqua, PA6,509963.8%
      Silver Lakes, CA6,51011818.1%
      Ambler, PA6,50711616.1%
      Pimmit Hills, VA6,51115656.2%
      Ishpeming, MI6,5098218.5%
      Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.