Last updated: 2024 BLS data · Page refreshed:
Iron River has a population of 826 with a median age of 46.9. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 826 |
| Median Age | 46.9 |
| White | 86.4% |
| Hispanic or Latino | 6.4% |
| Other / Two or More Races | 7.2% |
The median household income in Iron River is $50,536, which is 37.3% below the national median of $80,610. The per capita income is $34,902. The poverty rate is 14.4%.
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In Iron River, 91.0% of residents age 25+ have a high school diploma or higher, and 21.0% hold a bachelor's degree or higher (10.8% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 91.0% |
| Bachelor's Degree or Higher | 21.0% |
| Graduate or Professional Degree | 10.8% |
The median home value in Iron River is $171,100, below the national median of $303,400. The median monthly rent is $696. The homeownership rate is 64.7%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $171,100 |
| Median Monthly Rent | $696 |
| Homeownership Rate | 64.7% |
| Vacancy Rate | 23.5% |
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