Cost of Living in Ishpeming, MI
| Cost of Living in Ishpeming, MI | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 26% higher | 10% higher |
| Utilities (Monthly) | 2% higher | 0% |
| Food | 15% higher | 16% higher |
| Healthcare | 10% higher | 9% higher |
| Transportation | 23% higher | 27% higher |
| Goods & Services | 8% lower | 11% lower |
The cost of living in Ishpeming, MI is 9% higher than the state average and 4% higher than the national average. Ishpeming, MI housing is 10% more expensive than the U.S average, while utilities are about 0% . When it comes to basic necessities such as food and clothing, groceries are around 16% pricier in Ishpeming, MI than in the rest of the country, while clothing costs around 11% less .
Healthcare services such as doctor check-ups and dentistry cost 9% more here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 11% cheaper in Ishpeming, MI.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Ishpeming is $1,209, while home prices circle around $704,369.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Ishpeming, energy bills cost around $220.53 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $5.09 in Ishpeming, a dozen eggs go for around $4.59 and a pound of potatoes circles around $7.31.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Ishpeming, an optometry check-up costs around $152.50, while a dentist appointment is priced $115.70 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $4.47 in Ishpeming, while getting your tires balanced will run you about $49.76.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $26.03 here. Meanwhile, a pair of women's slacks will set you back around $31.05.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Ishpeming, you should budget around $12.68 a month. When it comes to personal services, a haircut usually goes for $22.47, while dry cleaning costs about $30.02.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Ishpeming, the median household income is $52,717.