Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 50.6 yrs |
|---|---|
| Avg HH Size | 2.16 |
| Below Poverty | 17.1% ▲ 71% above avg |
| College Grads | 31.4% ▼ 19% below avg |
| Unemployment | 3.3% ▼ 33% below avg |
| No HS Diploma | 40 (0.9%) |
| HS Graduate | 1,772 (40.9%) |
| Some College | 588 (13.6%) |
| Associates | 570 (13.2%) |
| Bachelors | 473 (10.9%) |
| Graduate Degree | 886 (20.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $52,254 ▼ 32% below avg |
|---|---|
| Median Home Value | $103,800 ▼ 63% below avg |
| Home/Income Ratio | 2.0x (nat avg ~3.5x) |
| Median Rent | $445/mo |
| Total Housing Units | 4,610 |
| Vacant Units | 1,888 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Iron River is a city in Michigan, located in Iron County. The city spans 1 ZIP code and is home to approximately 5,969 residents. It is a mature city, with a median age of 50.6 years.
Economically, Iron River is a working-class community. The median household income of $52,254 is below the national average. Approximately 17.1% of residents live below the poverty line. The unemployment rate is 3.3%, below the national average.
The real estate market in Iron River is one of the more affordable housing markets in the country. Median home values stand at $103,800, which is well below the national average. Renters typically pay around $445 per month. Homeownership is high at 80.9%, typical of suburban and family-oriented communities.
The population of Iron River is moderately educated. 31.4% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (94.5%).
Iron River, MI offers residents a cost-conscious lifestyle within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 49935 | 5,969 | $52,254 | $103,800 | $445 | 3.3% | 31.4% | 80.9% |