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Iron Mountain, MI

Full City Profile · Michigan · Florence County County

3.1 /5.0
B Good
7,508 Population 996/sq mi density
$56,622 Median Income $33,367 per capita
$117,600 Home Value $178,794 Zillow
$656 Median Rent 23.8% income on rent
42°F Avg Temperature 276 sunny days/yr
96 Violent Crime/100K 55 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$56,622 median income, 3.0% unemployment
A+
Affordability
5.0 / 5.0
$117,600 home value, $656/mo rent
F
Safety
1.0 / 5.0
96 violent crimes/100K
C+
Education
2.9 / 5.0
23.5% bachelor's degree or higher

Income Overview

Median Household Income
$56,622
25% below
US avg: $75,149
Per Capita Income
$33,367
15% below
US avg: $39,052
Unemployment Rate
3.0%
17% below
US avg: 3.6%
Poverty Rate
11.4%
8% below
US avg: 12.4%

Income Comparison: Iron Mountain vs. U.S. Average

Each bar shows Iron Mountain’s value as a percentage of the national average (100% line = U.S. avg)

Median Household
US: $75,149
$56,622
75%
Per Capita
US: $39,052
$33,367
85%
IRS Avg AGI
US: $72,000
$68,314
95%
Avg Weekly Wage
US: $1,432
$698
49%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$698
51% below US avg ($1,432)
Mean Commute Time
16 min
42% below US avg (28 min)
Work From Home
12.3%
19% below US avg (15.2%)
Drive Alone
73.7%
1% above US avg (73.2%)
Public Transit
0.6%
89% below US avg (5.0%)
County GDP
$172M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 73.7%
Public Transit 0.6%
Work From Home 12.3%
Other 13.4%
Average commute time
16 minutes
US avg: 28 min

Business Landscape

Total Establishments
137
Restaurants
22
Healthcare
4
Retail
13
Manufacturing
10

Tax & Financial

IRS Avg Adjusted Gross Income
$68,314
5% below US avg ($72,000)
Avg Property Tax
$6,671
91% above US avg ($3,500)
Cost of Living Index
96.2
Below national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$56,622
Per Capita Income$33,367
IRS Avg Adjusted Gross Income$68,314
Avg Weekly Wage$698
County GDP$172M

Hardship Indicators

Unemployment Rate3.0%
Poverty Rate11.4%
Gini Coefficient0.437
Cost of Living Index96.2

Commute

Mean Commute16 minutes
Drive Alone73.7%
Public Transit0.6%
Work From Home12.3%

Businesses

Total Establishments137
Restaurants22
Healthcare4
Retail13
Manufacturing10

Tax

IRS Avg AGI$68,314
Avg Property Tax$6,671