Living in Ironwood, Michigan
Cost of living, income, home prices, rent and demographics of Ironwood · Census data 2020–2024
Ironwood has 4,997 residents with a median age of 47.9. The median household income is $41,250 (43% lower than the Michigan median), the median home value is $83,100, the median rent is $622/month.
Ironwood at a glance
- Population
- 4,997
- Median age
- 47.9State: 40.2
- Median household income
- $41,250State: $72,875
- Median home value
- $83,100State: $231,600
- Median rent
- $622/moState: $1,129
- Homeowners
- 72.1%
- Bachelor's degree or higher
- 22.9%
- Average commute
- 18 min
Is Ironwood a good place to live?
Pros: Home values 64% lower than the state median; an average commute of 18 minutes.
Cons: Median household income 43% lower than the Michigan median; unemployment of 11%; a poverty rate of 17%.
The weather is best in June to September.
Cost of living in Ironwood
Housing is the biggest part of the cost of living. In Ironwood the median home value is $83,100, 75% lower than the U.S. median. Renters pay a median of $622 per month, which is 28% of household income. Homeowners with a mortgage pay $963 a month in housing costs.
Ironwood median household income
The median household income in Ironwood is $41,250 and the income per person is $30,138. 17% of residents live below the poverty line (Michigan: 13.2%).
Housing in Ironwood: homes for sale and rent
- Housing units
- 3,081
- Owner-occupied
- 72.1%
- Renter-occupied
- 27.9%
- Vacant
- 15.7%Includes seasonal homes
- Median year built
- 1941
- Average household size
- 1.89
Ironwood demographics
- Population
- 4,997
- Median age
- 47.9
- Under 18
- 17.4%
- 65 and older
- 27.5%
- Households
- 2,596
- Foreign-born
- 0.4%
- Veterans
- 10.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Ironwood ›
Education in Ironwood
22.9% of adults 25 and older in Ironwood have a bachelor's degree or higher (Michigan: 32.4%), and 8.4% have a graduate or professional degree.
Jobs and commute in Ironwood
- Unemployment rate
- 11%State: 5.7%
- Average commute
- 18 minState: 24 min
- Work from home
- 7.9%
- Drive alone
- 83.4%
- Public transit
- 0.6%
- Walk to work
- 1.4%
- Homes with broadband
- 84.7%
Ironwood vs nearby towns
More for people moving to Ironwood
Ironwood ZIP code ›Weather and climate ›Living in Ironwood: FAQ
What is the median household income in Ironwood, MI?
The median household income in Ironwood is $41,250, 43% 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 Ironwood?
The median home value in Ironwood is $83,100, compared with $231,600 in Michigan.
How much is rent in Ironwood?
The median gross rent in Ironwood is $622 per month, about 28% of household income.
Is Ironwood, MI a good place to live?
Pluses: home values 64% lower than the state median; an average commute of 18 minutes. Minuses: median household income 43% lower than the Michigan median; unemployment of 11%; a poverty rate of 17%.
What is the median age in Ironwood?
The median age in Ironwood is 47.9 years (Michigan: 40.2).
How long is the commute in Ironwood?
The average commute to work in Ironwood is 18 minutes; 7.9% of workers work from home.
What is the unemployment rate in Ironwood?
The unemployment rate in Ironwood is 11% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Ironwood?
22.9% of adults in Ironwood 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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