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Iron Mountain, Michigan

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
7,518
Population
$59,405
Median Income
$141,600
Home Value
43.5
Median Age

Demographics

Iron Mountain has a population of 7,518 with a median age of 43.5. Here is the racial and ethnic breakdown of the population:

White
90.4%
Other
4.3%
Hispanic
4.2%
Black
0.7%
Demographic Value
Total Population7,518
Median Age43.5
White90.4%
Black or African American0.7%
Asian0.4%
Hispanic or Latino4.2%
Other / Two or More Races4.3%
Iron Mountain, Michigan — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 90.4%Other: 4.3%Hispanic/Latino: 4.2%Other: 1.1%7,518PopulationWhiteWhite90.4%OtherOther4.3%Hispanic/LatinoHispanic/Latino4.2%OtherOther1.1%

Income & Economy

The median household income in Iron Mountain is $59,405, which is 26.3% below the national median of $80,610. The per capita income is $33,201. The poverty rate is 13.5%.

$59,405
Median Household Income
$33,201
Per Capita Income
13.5%
Poverty Rate

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Education

In Iron Mountain, 93.5% of residents age 25+ have a high school diploma or higher, and 22.8% hold a bachelor's degree or higher (7.6% with a graduate or professional degree).

HS Diploma+
93.5%
Bachelor's+
22.8%
Graduate+
7.6%
Education Level % of Adults (25+)
High School Diploma or Higher93.5%
Bachelor's Degree or Higher22.8%
Graduate or Professional Degree7.6%

Housing

The median home value in Iron Mountain is $141,600, below the national median of $303,400. The median monthly rent is $744. The homeownership rate is 72.3%.

$141,600
Median Home Value
$744/mo
Median Rent
72.3%
Homeownership Rate
Housing Metric Value
Median Home Value$141,600
Median Monthly Rent$744
Homeownership Rate72.3%
Vacancy Rate4.1%

Salaries in Michigan

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Frequently Asked Questions

What is the population of Iron Mountain, Michigan?
The population of Iron Mountain, Michigan is 7,518 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Iron Mountain, Michigan?
The median household income in Iron Mountain, Michigan is $59,405. This is 26.3% below the national median of $80,610.
What is the median home value in Iron Mountain, Michigan?
The median home value in Iron Mountain, Michigan is $141,600. The median monthly rent is $744.
What percentage of people in Iron Mountain have a college degree?
In Iron Mountain, Michigan, 22.8% of adults age 25 and older hold a bachelor's degree or higher, and 93.5% have a high school diploma or higher.
Is Iron Mountain, Michigan an affordable place to live?
The home price-to-income ratio in Iron Mountain, Michigan is 2.4x (median home value $141,600 vs. median income $59,405), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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