Is Iron Mountain Lake a Good Place to Live?
Based on current data, Iron Mountain Lake receives an overall livability score of 2.6 out of 5.0, earning a grade of C+. Key strengths include low unemployment, affordable housing, abundant sunshine. Areas to be aware of include elevated crime rates, a high uninsured rate, below-average incomes. Iron Mountain Lake has some notable strengths but also faces challenges that prospective residents should consider.
Economy & Jobs
The median household income in Iron Mountain Lake is $30,395, 60% below the national average of $75,149. The job market is very strong with unemployment at just 1.1%. The poverty rate of 15.1% exceeds the national average of 12.4%, indicating economic hardship for a significant portion of the population. Workers commute an average of 31 minutes.
Cost of Living & Housing
The median home value in Iron Mountain Lake is $38,600, 86% below the national median — offering relatively affordable homeownership. Renters pay a median of $715 per month, below the national average — a plus for affordability. At just 1.3x median income, home prices are very affordable relative to local earnings.
Safety & Crime
The violent crime rate of 566 per 100,000 is above the national average of 380 — something for prospective residents to consider. Property crime occurs at a rate of 707 per 100,000, 64% below the national average.
Education
2.3% of residents hold a bachelor's degree, below the national average of 33.7%. 67.7% have completed high school. Area schools have an average test score of 5.5/10.
Climate & Weather
With 318 sunny days per year, residents enjoy well above the national average of sunshine. Air quality is rated Good with a median AQI of 41.