Living in Ishpeming, Michigan
Cost of living, income, home prices, rent and demographics of Ishpeming · Census data 2020–2024
Ishpeming has 6,181 residents with a median age of 34.8. The median household income is $52,754 (28% lower than the Michigan median), the median home value is $111,900, the median rent is $733/month.
Ishpeming at a glance
- Population
- 6,181
- Median age
- 34.8State: 40.2
- Median household income
- $52,754State: $72,875
- Median home value
- $111,900State: $231,600
- Median rent
- $733/moState: $1,129
- Homeowners
- 69.8%
- Bachelor's degree or higher
- 27%
- Average commute
- 19 min
Is Ishpeming a good place to live?
Pros: Home values 52% lower than the state median; an average commute of 19 minutes.
Cons: Median household income 28% lower than the Michigan median; unemployment of 6.4%; a poverty rate of 18.7%.
The weather is best in June to September.
Cost of living in Ishpeming
Housing is the biggest part of the cost of living. In Ishpeming the median home value is $111,900, 66% lower than the U.S. median. Renters pay a median of $733 per month, which is 31.1% of household income. Homeowners with a mortgage pay $1,077 a month in housing costs.
Ishpeming median household income
The median household income in Ishpeming is $52,754 and the income per person is $28,115. 18.7% of residents live below the poverty line (Michigan: 13.2%).
Housing in Ishpeming: homes for sale and rent
- Housing units
- 2,841
- Owner-occupied
- 69.8%
- Renter-occupied
- 30.2%
- Vacant
- 11.5%Includes seasonal homes
- Median year built
- 1941
- Average household size
- 2.41
Ishpeming demographics
- Population
- 6,181
- Median age
- 34.8
- Under 18
- 24.8%
- 65 and older
- 17.2%
- Households
- 2,514
- Foreign-born
- 1.7%
- Veterans
- 7.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Ishpeming ›
Education in Ishpeming
27% of adults 25 and older in Ishpeming have a bachelor's degree or higher (Michigan: 32.4%), and 7.5% have a graduate or professional degree.
Jobs and commute in Ishpeming
- Unemployment rate
- 6.4%State: 5.7%
- Average commute
- 19 minState: 24 min
- Work from home
- 7.5%
- Drive alone
- 75.7%
- Public transit
- 0%
- Walk to work
- 7%
- Homes with broadband
- 90.7%
Ishpeming vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Ishpeming | 6,181 | $52,754 | $111,900 | $733 |
| West Ishpeming | 2,851 | $95,129 | $193,900 | $1,063 |
| Negaunee | 4,656 | $70,568 | $170,100 | $861 |
| Palmer | 309 | $65,833 | $83,900 | $763 |
| Trowbridge Park | 2,396 | $50,125 | $239,600 | $1,186 |
| Marquette | 21,325 | $55,613 | $274,700 | $1,011 |
| Harvey | 2,880 | $78,674 | $262,800 | $845 |
| Republic | 519 | $37,083 | $74,400 | $775 |
| Gwinn | 1,435 | $46,414 | $117,000 | $682 |
More for people moving to Ishpeming
Ishpeming ZIP code ›Weather and climate ›Living in Ishpeming: FAQ
What is the median household income in Ishpeming, MI?
The median household income in Ishpeming is $52,754, 28% lower than the Michigan median of $72,875 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Ishpeming?
The median home value in Ishpeming is $111,900, compared with $231,600 in Michigan.
How much is rent in Ishpeming?
The median gross rent in Ishpeming is $733 per month, about 31.1% of household income.
Is Ishpeming, MI a good place to live?
Pluses: home values 52% lower than the state median; an average commute of 19 minutes. Minuses: median household income 28% lower than the Michigan median; unemployment of 6.4%; a poverty rate of 18.7%.
What is the median age in Ishpeming?
The median age in Ishpeming is 34.8 years (Michigan: 40.2).
How long is the commute in Ishpeming?
The average commute to work in Ishpeming is 19 minutes; 7.5% of workers work from home.
What is the unemployment rate in Ishpeming?
The unemployment rate in Ishpeming is 6.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Ishpeming?
27% of adults in Ishpeming have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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