Iron River, MI
Full City Profile · Michigan · Iron County County
Iron River, MI
At a Glance
How Iron River Compares to the U.S. Average
Each bar shows Iron River's value as a percentage of the national average (100% = U.S. avg)
Is Iron River a Good Place to Live?
Economy & Jobs
Iron River residents earn a median household income of $48,750 , which is 35% below the national average of $75,149. Per capita income is $26,197. The unemployment rate stands at 4.3% (19% above the U.S. rate of 3.6%). 14.8% of residents live below the poverty line. The area is home to 392 business establishments, including 38 restaurants.
Housing & Cost of Living
The median home value in Iron River is $75,000 , 73% below the national median of $281,900. Zillow estimates the typical home at $123,841. Median rent is $435/month, with 27.7% 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 1951.
Safety & Crime
Iron River reports 329 violent crimes per 100,000 residents , which is 13% below the national average of 380/100K. Property crime is 493/100K.
Education
16.5% of adults in Iron River hold a bachelor's degree or higher (51% below the national average). 94.0% have completed high school. Local schools score 5.0/10 in standardized testing.
Climate & Weather
Iron River has an average annual temperature of 39°F (4°C). Winters average 11°F in January while summers reach 64°F in July. Annual precipitation totals 30.5 inches.