Housing costs in Iron River?
A typical home costs
$97,400, which is 71.2% less expensive than the national average of
$338,100 and 55.5% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Iron River costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 34.1% cheaper than the state average of
$1,100.
Can I afford Iron River?
To live comfortably in Iron River (zip 49935), Michigan, a minimum annual income of
$18,720 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Iron River?
The cost of living in 49935 Iron River, MI is relatively low compared to the rest of the country. The median home price here is $77,400 which is much lower than the national average. Additionally, monthly rent for a one-bedroom apartment averages at just over $500 which makes it an affordable option for those looking to save money on housing costs. Taxes are also fairly low here with a 6% sales tax and 4.25% state income tax rate. Overall,49935 Iron River, MI offers a high quality of life with its low cost of living and access to several amenities like parks and outdoor recreation areas.