Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 49.7 yrs |
|---|---|
| Avg HH Size | 2.25 |
| Below Poverty | 8.0% ▼ 21% below avg |
| College Grads | 41.5% ≈ Avg |
| Unemployment | 4.3% ▼ 12% below avg |
| No HS Diploma | 2 (0.1%) |
| HS Graduate | 538 (26.3%) |
| Some College | 333 (16.3%) |
| Associates | 324 (15.8%) |
| Bachelors | 306 (15%) |
| Graduate Degree | 542 (26.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $82,261 ▲ 8% above avg |
|---|---|
| Median Home Value | $190,300 ▼ 32% below avg |
| Home/Income Ratio | 2.3x (nat avg ~3.5x) |
| Median Rent | $894/mo |
| Total Housing Units | 1,344 |
| Vacant Units | 113 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Mountain Iron is a city in Minnesota, located in St. Louis County. The city spans 1 ZIP code and is home to approximately 2,791 residents. It is a mature city, with a median age of 49.7 years.
Economically, Mountain Iron is a middle-income community. The median household income of $82,261 is near the national average. Approximately 8.0% of residents live below the poverty line. The unemployment rate is 4.3%, near the national average.
The real estate market in Mountain Iron is an affordable housing market. Median home values stand at $190,300, which is below the national average. Renters typically pay around $894 per month. Homeownership is high at 77.7%, typical of suburban and family-oriented communities.
The population of Mountain Iron is well-educated. 41.5% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (94.98%).
Mountain Iron, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55768 | 2,791 | $82,261 | $190,300 | $894 | 4.3% | 41.5% | 77.7% |