Cost of Living in Ishpeming, MI

Get 300+ Local Insights for Any Address in Ishpeming, MI

Get Access to 300+ Local Data Points
A+
16%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
48%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Ishpeming Michigan National
Cost of living8491100
Groceries9798100
Health care9697100
Housing5276100
Transportation9996100
Utilities99100100
Lifestyle & Entertainment9496100
Household Items9898100
Education & Childcare10395100
Does this Area Fit Your Budget? Local Insights Report
  • Know the community before you call it home
  • Compare multiple areas side by side
  • Access over 300 data points for any address
Local Insights Report

Homes For Sale In Ishpeming, MI

property for sale

747 S Pine St

Ishpeming, MI
property for sale

1225 N 2nd St

Ishpeming, MI
property for sale

315 Seilo Ave

Ishpeming, MI
property for sale

78 County Road GY

Ishpeming, MI
See the Newest Homes For Sale In Ishpeming, MI

Cost Of Living Quick Facts

  • The cost of living in Ishpeming is 8% lower than the Michigan average
  • The cost of living in Ishpeming is 16% lower than the national average
  • Ishpeming housing is 48% lower than the national average
  • Michigan general sales tax is 18% higher than the national average
  • Michigan state income tax is 64% higher than the national average

Most Affordable Places to Live in and Around Ishpeming

See all the best places to live around Ishpeming

Compare Ishpeming, MI Cost of Living

City Image
    City Default Image
      vs
      How would you rate the cost of living in Ishpeming?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Ishpeming?
      Write a review to give others more information about this area.
      See all Ishpeming poll results

      The best places in Michigan

      Here are the best places to live in MichiganCheck out the 10 most dangerous cities in MichiganCheck out the 10 safest cities in MichiganMost Dangerous States In The US
      Best Places in Michigan

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$89,865$7,489$2,097$2,696
      Renters$38,746$3,229$904$1,162
      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 $89,865. This indicates that a monthly maximum of $2,097 should be spent by homeowners on all housing related costs. Renters have a median income of $38,746. This indicates that renters would have a maximum of $904 for their rent related monthly costs.

      Michigan Sales Tax

      State General Sales Tax With Max Surtax
      Michigan 6% 6%

      Michigan Income Tax

      State Income Tax (Low) Income Tax (High)
      Michigan 4.25% 4.25%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Republic, MI5517921.1%
      K. I. Sawyer, MI2,9128020.0%
      Palmer, MI4088218.2%
      Gwinn, MI1,7998514.6%
      Negaunee, MI4,6368811.6%
      Ishpeming, MI6,6308416.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Harrah, OK6,629946.4%
      Valley City, ND6,631927.6%
      Brattleboro, VT6,6311077.1%
      Port-Cartier, QC6,631n/a 
      Edgemoor, DE6,6281088.5%
      Ishpeming, MI6,6308416.1%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
      General
      For Professionals
      Follow Us
      AV on Twitter AV on Facebook
      © AreaVibes Inc. 2010-2026