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Mountain Iron, Minnesota

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
2,860
Population
$83,293
Median Income
$192,800
Home Value
47.5
Median Age

Demographics

Mountain Iron has a population of 2,860 with a median age of 47.5. Here is the racial and ethnic breakdown of the population:

White
95.5%
Other
3.1%
Asian
0.9%
Demographic Value
Total Population2,860
Median Age47.5
White95.5%
Black or African American0.5%
Asian0.9%
Other / Two or More Races3.1%
Mountain Iron, Minnesota — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 95.5%Other: 3.1%Other: 1.4%2,860PopulationWhiteWhite95.5%OtherOther3.1%OtherOther1.4%

Income & Economy

The median household income in Mountain Iron is $83,293, which is 3.3% above the national median of $80,610. The per capita income is $42,489. The poverty rate is 11.5%.

$83,293
Median Household Income
$42,489
Per Capita Income
11.5%
Poverty Rate

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Education

In Mountain Iron, 94.4% of residents age 25+ have a high school diploma or higher, and 23.3% hold a bachelor's degree or higher (5.8% with a graduate or professional degree).

HS Diploma+
94.4%
Bachelor's+
23.3%
Graduate+
5.8%
Education Level % of Adults (25+)
High School Diploma or Higher94.4%
Bachelor's Degree or Higher23.3%
Graduate or Professional Degree5.8%

Housing

The median home value in Mountain Iron is $192,800, below the national median of $303,400. The median monthly rent is $918. The homeownership rate is 69.9%.

$192,800
Median Home Value
$918/mo
Median Rent
69.9%
Homeownership Rate
Housing Metric Value
Median Home Value$192,800
Median Monthly Rent$918
Homeownership Rate69.9%
Vacancy Rate10.2%

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Frequently Asked Questions

What is the population of Mountain Iron, Minnesota?
The population of Mountain Iron, Minnesota is 2,860 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Mountain Iron, Minnesota?
The median household income in Mountain Iron, Minnesota is $83,293. This is 3.3% above the national median of $80,610.
What is the median home value in Mountain Iron, Minnesota?
The median home value in Mountain Iron, Minnesota is $192,800. The median monthly rent is $918.
What percentage of people in Mountain Iron have a college degree?
In Mountain Iron, Minnesota, 23.3% of adults age 25 and older hold a bachelor's degree or higher, and 94.4% have a high school diploma or higher.
Is Mountain Iron, Minnesota an affordable place to live?
The home price-to-income ratio in Mountain Iron, Minnesota is 2.3x (median home value $192,800 vs. median income $83,293), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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