Cost of Living in Iron Mountain, MI
Population 7,508 · Michigan · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Iron Mountain a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $118,000.
Geographically, Iron Mountain lies roughly 90 miles north of the nearest major metro, Green Bay. Median home values run roughly 39% lower than Green Bay's $192,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Iron Mountain
The median home value in Iron Mountain is $117,600 — 61% below the national median of $305,000. Median rent runs $656/month, 50% lower than the national median of $1,314/month. The median household income of $56,622/year is 24% lower than the US median of $74,580. The local unemployment rate is 5.1%, above the national average of 4.8%. Michigan's top state income tax rate is 4.3% and the combined sales tax is 6.0%. The climate averages highs of 52.9°F and lows of 30.8°F. Overall, Iron Mountain has a cost of living index of 43 versus the US average of 100, meaning it is 57% less expensive.
Iron Mountain has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 24 | 27 | 38 | 52 | 66 | 76 | 80 | 78 | 70 | 55 | 40 | 29 |
| Low °F | 6 | 7 | 17 | 27 | 40 | 50 | 54 | 53 | 45 | 34 | 24 | 13 |
| Precip" | 0.47 | 0.51 | 0.87 | 1.59 | 2.20 | 2.99 | 2.74 | 2.44 | 2.94 | 2.20 | 1.15 | 0.65 |
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Iron Mountain, MI?
Iron Mountain has a cost index of 43 (100 = national average). It is 57% below the national average.
What is average rent in Iron Mountain, MI?
The median gross rent in Iron Mountain is $656 per month based on 2023 Census data.
What is the average home price in Iron Mountain?
The median home value in Iron Mountain is $117,600 according to Zillow and Census data.
What is the median income in Iron Mountain?
The median household income in Iron Mountain is $56,622 per year (2023 ACS 5-year estimates).
What is the sales tax in Iron Mountain, MI?
The combined state and local sales tax rate in Iron Mountain is 6.0%. The Michigan state income tax top rate is 4.3%.
Is Iron Mountain, MI affordable?
Yes, Iron Mountain is generally considered affordable, with a cost of living index of 43 — about 57% below the US national average of 100.
What is the weather like in Iron Mountain?
Iron Mountain has average high temperatures of 52.9°F and average lows of 30.8°F. Annual precipitation is 20.8". Data from NOAA 1991–2020 Climate Normals.
Iron Mountain at a Glance
- Population
- 7,508
- Median Income
- $56,622
- Home Value
- $117,600
- Median Rent
- $656/mo
- Unemployment
- 5.1%
- Avg High Temp
- 52.9°F
- Sales Tax
- 6.0%
Nearby Cities
Explore county-level cost of living data
Michigan Rankings
Similar Cost Cities
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