Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 56.9 yrs |
|---|---|
| Avg HH Size | 2.07 |
| Below Poverty | 6.0% ▼ 41% below avg |
| College Grads | 44.3% ▲ 14% above avg |
| Unemployment | 3.3% ▼ 33% below avg |
| No HS Diploma | 10 (0.5%) |
| HS Graduate | 577 (30%) |
| Some College | 154 (8%) |
| Associates | 332 (17.2%) |
| Bachelors | 250 (13%) |
| Graduate Degree | 603 (31.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $67,946 ▼ 11% below avg |
|---|---|
| Median Home Value | $253,900 ▼ 9% below avg |
| Home/Income Ratio | 3.7x (nat avg ~3.5x) |
| Median Rent | $890/mo |
| Total Housing Units | 2,176 |
| Vacant Units | 996 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Iron River is a city in Wisconsin, located in Bayfield County. The city spans 1 ZIP code and is home to approximately 2,454 residents. It is an older city, with a median age of 56.9 years.
Economically, Iron River is a solidly middle-class community. The median household income of $67,946 is near the national average. Approximately 6.0% 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 a mid-range housing market. Median home values stand at $253,900, which is near the national average. Renters typically pay around $890 per month. Homeownership is high at 81.0%, typical of suburban and family-oriented communities.
The population of Iron River is well-educated. 44.3% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (91.56%).
Iron River, WI offers residents a cost-conscious lifestyle within Wisconsin.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 54847 | 2,454 | $67,946 | $253,900 | $890 | 3.3% | 44.3% | 81.0% |