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ZipNumbers

Michigan · Census place 40960

Iron Mountain city, MI

Quick answer

Iron Mountain city has 7,508 residents, ranking #138 of 745 places in Michigan. Median household income is $56,622, the median home is worth $117,600 and median gross rent runs $656 a month.

Population
7,508Iron Mountain city residents
Median household income
$56,622Past 12 months, inflation adjusted
Median home value
$117,600Owner-occupied units
Median gross rent
$656Rent plus utilities, monthly
Median age
42.9 yrsAll residents
Homeownership rate
72.6%Owner-occupied households

What the numbers mean in Iron Mountain city

Housing cost measured against local earnings.

A household earning the Iron Mountain city median would spend about 13.9% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 11.5% of residents and 72.6% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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