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ZipNumbers

Minnesota · Census place 44548

Mountain Iron city, MN

Quick answer

Mountain Iron city has 2,865 residents, ranking #213 of 914 places in Minnesota. Median household income is $81,607, the median home is worth $180,700 and median gross rent runs $911 a month.

Population
2,865Mountain Iron city residents
Median household income
$81,607Past 12 months, inflation adjusted
Median home value
$180,700Owner-occupied units
Median gross rent
$911Rent plus utilities, monthly
Median age
49.5 yrsAll residents
Homeownership rate
74.2%Owner-occupied households

What the numbers mean in Mountain Iron city

Housing cost measured against local earnings.

A household earning the Mountain Iron city median would spend about 13.4% 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 2.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 9.3% of residents and 74.2% 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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