Michigan · Census place 40980
Iron River city, MI
Quick answer
Iron River city has 3,009 residents, ranking #236 of 745 places in Michigan. Median household income is $48,750, the median home is worth $75,000 and median gross rent runs $435 a month.
- Population
- 3,009Iron River city residents
- Median household income
- $48,750Past 12 months, inflation adjusted
- Median home value
- $75,000Owner-occupied units
- Median gross rent
- $435Rent plus utilities, monthly
- Median age
- 41.4 yrsAll residents
- Homeownership rate
- 72%Owner-occupied households
What the numbers mean in Iron River city
Housing cost measured against local earnings.
A household earning the Iron River city median would spend about 10.7% 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 1.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 23.2% of residents and 72% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Michigan.
- Potterville city 3,065
- Corunna city 3,054
- Bad Axe city 3,010
- Whitehall city 2,974
- Fowlerville village 2,950
- Ferrysburg city 2,949
- Bath CDP 2,938
Keep going
More Michigan coverage.