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Cost of Living in Iron Junction, MN

2025 Affordability Data & Housing Costs

89.6

Cost of Living Index (100 = US Average)

Affordable

Median Home Value

$127,500

Owner-occupied homes (2023 ACS)

Median Household Income

$38,333

Annual (2023 ACS)

Housing Costs

The median home value in Iron Junction is $127,500, which is lower than the national average. The home price-to-income ratio is 3.3, indicating strong affordability.

Income & Purchasing Power

The median household income in Iron Junction is $38,333 annually.

Compare with Other Cities

View all cities in Minnesota

Frequently Asked Questions

What is the cost of living index in Iron Junction, MN?

The COL index is 89.6, which is lower than the US average of 100.

What is the median home value in Iron Junction?

The median home value is $127,500.

What is the median rent in Iron Junction?

Data not available.

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