Similar to other places in this area, it's significantly less expensive compared to the entire country. Compared to the city of Merrill, it is substantially less expensive.
Home prices
The median home in Bessemer costs $55,900. It is roughly $2,020 (3%) lower in comparison to the surrounding areas.It is about $161,600 (74%) lower compared to the United States as a whole, and is about $29,400 (34%) lower in comparison to the city of Merrill.
Rents
The median rent in Bessemer is $395 per month. This is approximately $127 (24%) lower in comparison to the surrounding areas.In comparison to the entire country it is approximately $667 (62%) lower, and in comparison to the city of Merrill it is about $242 (37%) lower.
Nearby places
Ironwood
Ironwood is about 4 miles west of Bessemer. Its real estate prices are somewhat less expensive. Ironwood's median home price is $47,000, which comes out to $8,900 (18%) lower than Bessemer. Rent there is somewhat more expensive. The median rent in Ironwood is $510 a month, which comes out to $115 (22%) higher than Bessemer.
Wakefield
Wakefield is roughly 4 miles east from Bessemer. The real estate prices there are fairly similar. The median home in Wakefield costs $56,900, which comes out to $1,000 (1%) higher than Bessemer. Its rents are a bit more expensive. The median rent in Wakefield is $552 a month, which is $157 (28%) higher than Bessemer.
Hurley
Hurley is roughly 6 miles west of Bessemer. Real estate prices there are a bit more expensive. Hurley's median home cost is $60,100, which is $4,200 (6%) higher than Bessemer. Its rents are a little more expensive. Hurley's median monthly rent is $520, which is $125 (24%) higher than Bessemer.
Montreal
Montreal is roughly 8 miles west from Bessemer. Its housing prices are a bit more expensive. The median home in Montreal costs $77,000, which works out to $21,100 (27%) higher than Bessemer. Rents there are a little more expensive. Montreal's median rent is $555 per month, which works out to $160 (28%) higher than Bessemer.
Iron Belt
Iron Belt is roughly 11 miles southwest from Bessemer. The housing prices there are a bit less expensive. The median home in Iron Belt costs $48,600, which is $7,300 (15%) lower than Bessemer. The rent there is a little more expensive. Iron Belt's median rent is $475 per month, which works out to $80 (16%) higher than Bessemer.
