Cost of Living in Iron Mountain, MI
Overall index: 63 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 34 | -66% | $459 |
| Transportation | 103 | +3% | $3.50 |
| Food | 76 | -24% | $312 |
| Utilities | 67 | -33% | $61 |
| Healthcare | 67 | -33% | $44 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Iron Mountain?
A single adult living comfortably in Iron Mountain, MI needs approximately $22,050 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Iron Mountain, MI?
The overall cost of living in Iron Mountain, MI is 37% lower than the US national average (index: 63 where 100 = national average).
How much is rent in Iron Mountain, MI?
Average rent for a 1-bedroom apartment in Iron Mountain, MI is about $459/month.
Is Iron Mountain, MI expensive to live in?
No, Iron Mountain, MI is affordable (below national average).
What salary do I need to live in Iron Mountain, MI?
A single adult needs roughly $22,050/year to cover basic living costs in Iron Mountain, MI.