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 | 14% higher |
| Utilities (Monthly) | 4% higher | 3% higher |
| Food | 17% higher | 18% higher |
| Healthcare | 10% higher | 12% higher |
| Transportation | 27% higher | 30% higher |
| Goods & Services | 5% lower | 9% lower |
The cost of living in Ishpeming, MI is 12% higher than the state average and 8% higher than the national average. Ishpeming, MI housing is 14% more expensive than the U.S average, while utilities are about 3% pricier. When it comes to basic necessities such as food and clothing, groceries are around 18% pricier in Ishpeming, MI than in the rest of the country, while clothing costs around 9% less .
Healthcare services such as doctor check-ups and dentistry cost 12% more here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 9% 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 $1,152, while home prices circle around $651,590.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Ishpeming, energy bills cost around $203.17 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 $5.10 in Ishpeming, a dozen eggs go for around $3.09 and a pound of potatoes circles around $8.27.
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 $138.76, while a dentist appointment is priced $107.58 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $5.24 in Ishpeming, while getting your tires balanced will run you about $46.33.
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 $24.99 here. Meanwhile, a pair of women's slacks will set you back around $29.73.
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 $12.14 a month. When it comes to personal services, a haircut usually goes for $20.38, while dry cleaning costs about $27.57.
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.