Iron River, MI vs Tecumseh, MI

The cost of living difference between Iron River, MI and Tecumseh, MI is dramatic. Iron River is 33.2% cheaper than Tecumseh, a gap that translates to thousands of dollars per year in household expenses. Iron River has a cost index of 52 while Tecumseh sits at 78, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Iron River is $435/month compared to $969/month in Tecumseh — a 55% difference. Home values follow the same pattern: Iron River is more affordable at $75,000 median vs $193,600.

Median household income in Iron River is $48,750 compared to $64,086 in Tecumseh (-23.9%). The higher salaries in Tecumseh partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Iron River spend roughly 10.7% of their income on rent, less than the 18.1% in Tecumseh.