Living in Iron Junction, Minnesota
Cost of living, income, home prices, rent and demographics of Iron Junction · Census data 2020–2024
Iron Junction has 86 residents with a median age of 30.5. The median household income is $48,750 (45% lower than the Minnesota median), the median home value is $132,300.
Iron Junction is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Iron Junction at a glance
- Population
- 86
- Median age
- 30.5State: 38.8
- Median household income
- $48,750State: $89,062
- Median home value
- $132,300State: $329,300
- Homeowners
- 92.9%
- Bachelor's degree or higher
- 17.6%
- Average commute
- 28 min
Is Iron Junction a good place to live?
Pros: Home values 60% lower than the state median.
Cons: Median household income 45% lower than the Minnesota median; an average commute of 28 minutes; unemployment of 4.8%; a poverty rate of 14%.
The weather is best in June to September.
Cost of living in Iron Junction
Housing is the biggest part of the cost of living. In Iron Junction the median home value is $132,300, 60% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $982 a month in housing costs.
Iron Junction median household income
The median household income in Iron Junction is $48,750 and the income per person is $27,934. 14% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Iron Junction: homes for sale and rent
- Housing units
- 42
- Owner-occupied
- 92.9%
- Renter-occupied
- 7.1%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1958
- Average household size
- 2.05
Iron Junction demographics
- Population
- 86
- Median age
- 30.5
- Under 18
- 26.7%
- 65 and older
- 17.4%
- Households
- 42
- Foreign-born
- 0%
- Veterans
- 6.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Iron Junction ›
Education in Iron Junction
17.6% of adults 25 and older in Iron Junction have a bachelor's degree or higher (Minnesota: 39.4%), and 5.9% have a graduate or professional degree.
Jobs and commute in Iron Junction
- Unemployment rate
- 4.8%State: 4.1%
- Average commute
- 28 minState: 23 min
- Work from home
- 0%
- Drive alone
- 89.2%
- Public transit
- 0%
- Walk to work
- 2.7%
- Homes with broadband
- 88.1%
Iron Junction vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Iron Junction | 86 | $48,750 | $132,300 | — |
| Eveleth | 3,448 | $50,725 | $97,600 | $904 |
| Mountain Iron | 2,860 | $83,293 | $192,800 | $918 |
| Kinney | 115 | $57,045 | $121,900 | $525 |
| Virginia | 8,332 | $51,720 | $120,600 | $792 |
| Gilbert | 1,697 | $64,625 | $126,000 | $698 |
| Buhl | 1,022 | $58,750 | $127,700 | $1,043 |
| Chisholm | 4,712 | $50,891 | $109,200 | $732 |
| Biwabik | 966 | $67,917 | $111,200 | $749 |
More for people moving to Iron Junction
Iron Junction ZIP code ›Weather and climate ›Living in Iron Junction: FAQ
What is the median household income in Iron Junction, MN?
The median household income in Iron Junction is $48,750, 45% lower than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Iron Junction?
The median home value in Iron Junction is $132,300, compared with $329,300 in Minnesota.
Is Iron Junction, MN a good place to live?
Pluses: home values 60% lower than the state median. Minuses: median household income 45% lower than the Minnesota median; an average commute of 28 minutes; unemployment of 4.8%; a poverty rate of 14%.
What is the median age in Iron Junction?
The median age in Iron Junction is 30.5 years (Minnesota: 38.8).
How long is the commute in Iron Junction?
The average commute to work in Iron Junction is 28 minutes; 0% of workers work from home.
What is the unemployment rate in Iron Junction?
The unemployment rate in Iron Junction is 4.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Iron Junction?
17.6% of adults in Iron Junction 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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