Living in Iron Gate, Virginia
Cost of living, income, home prices, rent and demographics of Iron Gate · Census data 2020–2024
Iron Gate has 426 residents with a median age of 39.8. The median household income is $70,000 (25% lower than the Virginia median), the median home value is $84,600, the median rent is $715/month.
Iron Gate is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Iron Gate at a glance
- Population
- 426
- Median age
- 39.8State: 39
- Median household income
- $70,000State: $93,170
- Median home value
- $84,600State: $383,700
- Median rent
- $715/moState: $1,579
- Homeowners
- 91.9%
- Bachelor's degree or higher
- 13.1%
- Average commute
- 26 min
Is Iron Gate a good place to live?
Pros: Home values 78% lower than the state median; an average commute of 26 minutes.
Cons: Median household income 25% lower than the Virginia median; unemployment of 16.8%; a poverty rate of 10.4%.
The weather is best in May–June and August–September.
Cost of living in Iron Gate
Housing is the biggest part of the cost of living. In Iron Gate the median home value is $84,600, 75% lower than the U.S. median. Renters pay a median of $715 per month, which is 38.5% of household income. Homeowners with a mortgage pay $1,243 a month in housing costs.
Iron Gate median household income
The median household income in Iron Gate is $70,000 and the income per person is $33,831. 10.4% of residents live below the poverty line (Virginia: 9.9%).
Housing in Iron Gate: homes for sale and rent
- Housing units
- 224
- Owner-occupied
- 91.9%
- Renter-occupied
- 8.1%
- Vacant
- 11.6%Includes seasonal homes
- Median year built
- 1961
- Average household size
- 2.15
Iron Gate demographics
- Population
- 426
- Median age
- 39.8
- Under 18
- 25.1%
- 65 and older
- 21.1%
- Households
- 198
- Foreign-born
- 0%
- Veterans
- 6.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Iron Gate ›
Education in Iron Gate
13.1% of adults 25 and older in Iron Gate have a bachelor's degree or higher (Virginia: 42.2%), and 3.9% have a graduate or professional degree.
Jobs and commute in Iron Gate
- Unemployment rate
- 16.8%State: 4.3%
- Average commute
- 26 minState: 27 min
- Work from home
- 3.3%
- Drive alone
- 87.6%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 77.8%
Iron Gate vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Iron Gate | 426 | $70,000 | $84,600 | $715 |
| Clifton Forge | 3,447 | $40,000 | $109,500 | $592 |
| Low Moor | 430 | $44,900 | $99,000 | — |
| Mallow | 537 | $50,347 | $110,100 | — |
| Covington | 5,680 | $41,944 | $83,500 | $794 |
| Hot Springs | 487 | $104,545 | $260,100 | $876 |
| Callaghan | 198 | $74,271 | $141,700 | $575 |
| Lexington | 7,525 | $84,517 | $275,200 | $1,081 |
| Buchanan | 1,367 | $54,226 | $187,500 | $958 |
More for people moving to Iron Gate
Iron Gate ZIP code ›Weather and climate ›Living in Iron Gate: FAQ
What is the median household income in Iron Gate, VA?
The median household income in Iron Gate is $70,000, 25% lower than the Virginia median of $93,170 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Iron Gate?
The median home value in Iron Gate is $84,600, compared with $383,700 in Virginia.
How much is rent in Iron Gate?
The median gross rent in Iron Gate is $715 per month, about 38.5% of household income.
Is Iron Gate, VA a good place to live?
Pluses: home values 78% lower than the state median; an average commute of 26 minutes. Minuses: median household income 25% lower than the Virginia median; unemployment of 16.8%; a poverty rate of 10.4%.
What is the median age in Iron Gate?
The median age in Iron Gate is 39.8 years (Virginia: 39).
How long is the commute in Iron Gate?
The average commute to work in Iron Gate is 26 minutes; 3.3% of workers work from home.
What is the unemployment rate in Iron Gate?
The unemployment rate in Iron Gate is 16.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Iron Gate?
13.1% of adults in Iron Gate 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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