Iron Mountain, MI
Full City Profile · Michigan · Florence County County
Iron Mountain, MI
At a Glance
How Iron Mountain Compares to the U.S. Average
Each bar shows Iron Mountain's value as a percentage of the national average (100% = U.S. avg)
Is Iron Mountain a Good Place to Live?
Economy & Jobs
Iron Mountain residents earn a median household income of $56,622 , which is 25% below the national average of $75,149. Per capita income is $33,367. The unemployment rate stands at 5.1% (42% above the U.S. rate of 3.6%). 11.4% of residents live below the poverty line. The area is home to 137 business establishments, including 22 restaurants.
Housing & Cost of Living
The median home value in Iron Mountain is $117,600 , 58% below the national median of $281,900. Zillow estimates the typical home at $195,875. Median rent is $656/month, with 23.8% of renters spending more than 30% of income on housing. The cost of living index is 96.2 (100 = national average). The median home was built in 1952.
Education
23.5% of adults in Iron Mountain hold a bachelor's degree or higher (30% below the national average). 94.0% have completed high school. Local schools score 5.2/10 in standardized testing.
Climate & Weather
Iron Mountain has an average annual temperature of 42°F (5°C). Winters average 15°F in January while summers reach 67°F in July. Annual precipitation totals 20.7 inches.