Iron River, MI vs Roscommon, MI

Iron River is moderately more affordable than Roscommon, with a 6.9% lower cost of living index. Iron River scores 52 compared to 56 for Roscommon, where the US average is 100. This difference means residents of Roscommon can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Iron River is $435/month compared to $544/month in Roscommon — a 20% difference. Home values follow the same pattern: Iron River is more affordable at $75,000 median vs $81,600.

Median household income in Iron River is $48,750 compared to $54,375 in Roscommon (-10.3%). While Roscommon is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Iron River spend roughly 10.7% of their income on rent, less than the 12% in Roscommon.