Cost of Living in Ironwood, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
64.0
100 = national avg
-36.0 vs national average
Living Wage (1 Adult)
$28,164
per year
Living Wage (Family of 4)
$66,569
per year
Cost Index by Category
Housing54.6
Food78.4
Transportation56.9
Healthcare82.7
Utilities78.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$761
per month
2 Bedroom
$973
per month
The overall cost of living index in Ironwood is 64.0, which is 36.0% below the national average. Housing costs are below the national average at an index of 54.6. A single adult needs to earn approximately $28,164 per year to cover basic expenses.