Iron River, Michigan

Cost of living in Iron River, Michigan

  • Cost of living compated to USAlow
  • Cost of living compared to Michiganthe highest
  • Median household incomethe lowest

Is it expensive to live in Iron River, Michigan? When calculating the cost of living in Iron River, Michigan we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.

The cost of living in Iron River, Michigan is lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan, while median household income in Iron River is $37,452 which is the lowest Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan.

Taxes in Iron River, Michigan

The sales tax rate in Iron River, Michigan is 6.0%. Last year, the average property taxes paid was 1.6% Iron River, Michigan.

The state income tax in the state of Michigan is 4.25%.

Housing costs in Iron River, Michigan

  • The average cost of a single-family home compated to USAthe lowest
  • The average cost of a single-family home compated to Michiganthe lowest

In Iron River, Michigan, 64% of the population owns their homes, while approximately 36% rent. The average cost of a single-family home in Iron River, Michigan in 2022 is $108,607 which is the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan. The average one-bedroom apartment cost is approximately $[no data] per month.

Rental SizeMonthly CostCompared to Michigan
1 Bedroom$[no data][no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom$[no data][no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom$[no data][no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom$[no data][no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest