Living in Iron Mountain, Michigan
Cost of living, income, home prices, rent and demographics of Iron Mountain · Census data 2020–2024
Iron Mountain has 7,518 residents with a median age of 43.5. The median household income is $59,405 (18% lower than the Michigan median), the median home value is $141,600, the median rent is $744/month.
Iron Mountain at a glance
- Population
- 7,518
- Median age
- 43.5State: 40.2
- Median household income
- $59,405State: $72,875
- Median home value
- $141,600State: $231,600
- Median rent
- $744/moState: $1,129
- Homeowners
- 72.3%
- Bachelor's degree or higher
- 22.8%
- Average commute
- 16 min
Is Iron Mountain a good place to live?
Pros: Home values 39% lower than the state median; an average commute of 16 minutes; unemployment of 4.2%.
Cons: Median household income 18% lower than the Michigan median; a poverty rate of 13.5%.
The weather is best in June to September.
Cost of living in Iron Mountain
Housing is the biggest part of the cost of living. In Iron Mountain the median home value is $141,600, 57% lower than the U.S. median. Renters pay a median of $744 per month, which is 27.2% of household income. Homeowners with a mortgage pay $1,100 a month in housing costs.
Iron Mountain median household income
The median household income in Iron Mountain is $59,405 and the income per person is $33,201. 13.5% of residents live below the poverty line (Michigan: 13.2%).
Housing in Iron Mountain: homes for sale and rent
- Housing units
- 3,737
- Owner-occupied
- 72.3%
- Renter-occupied
- 27.7%
- Vacant
- 4.1%Includes seasonal homes
- Median year built
- 1953
- Average household size
- 2.06
Iron Mountain demographics
- Population
- 7,518
- Median age
- 43.5
- Under 18
- 19.7%
- 65 and older
- 19%
- Households
- 3,582
- Foreign-born
- 1.9%
- Veterans
- 9.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Iron Mountain ›
Education in Iron Mountain
22.8% of adults 25 and older in Iron Mountain have a bachelor's degree or higher (Michigan: 32.4%), and 7.6% have a graduate or professional degree.
Jobs and commute in Iron Mountain
- Unemployment rate
- 4.2%State: 5.7%
- Average commute
- 16 minState: 24 min
- Work from home
- 12.7%
- Drive alone
- 69.6%
- Public transit
- 0.6%
- Walk to work
- 3.8%
- Homes with broadband
- 87.5%
Iron Mountain vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Iron Mountain | 7,518 | $59,405 | $141,600 | $744 |
| Kingsford | 5,124 | $61,635 | $132,100 | $917 |
| Quinnesec | 892 | $38,713 | $154,900 | — |
| Niagara | 1,464 | $60,994 | $103,800 | $910 |
| Norway | 2,833 | $63,846 | $91,100 | $885 |
| Florence | 488 | $40,368 | $85,700 | $545 |
| Pembine | 269 | $31,378 | $57,600 | — |
| Goodman | 170 | $43,125 | $72,700 | $533 |
| Alpha | 215 | $39,115 | $34,100 | — |
More for people moving to Iron Mountain
Iron Mountain ZIP code ›Weather and climate ›Living in Iron Mountain: FAQ
What is the median household income in Iron Mountain, MI?
The median household income in Iron Mountain is $59,405, 18% 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 Iron Mountain?
The median home value in Iron Mountain is $141,600, compared with $231,600 in Michigan.
How much is rent in Iron Mountain?
The median gross rent in Iron Mountain is $744 per month, about 27.2% of household income.
Is Iron Mountain, MI a good place to live?
Pluses: home values 39% lower than the state median; an average commute of 16 minutes; unemployment of 4.2%. Minuses: median household income 18% lower than the Michigan median; a poverty rate of 13.5%.
What is the median age in Iron Mountain?
The median age in Iron Mountain is 43.5 years (Michigan: 40.2).
How long is the commute in Iron Mountain?
The average commute to work in Iron Mountain is 16 minutes; 12.7% of workers work from home.
What is the unemployment rate in Iron Mountain?
The unemployment rate in Iron Mountain is 4.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Iron Mountain?
22.8% of adults in Iron Mountain 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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