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Iron River, MI
Full City Profile · Michigan · Iron County County
2.9
/5.0
C+
Fair
3,009
Population
446/sq mi density
$48,750
Median Income
$26,197 per capita
$75,000
Home Value
$115,083 Zillow
$435
Median Rent
27.7% income on rent
39°F
Avg Temperature
249 sunny days/yr
533
Violent Crime/100K
1,349 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.4 / 5.0
$48,750 median income, 2.5% unemployment
A+
Affordability
5.0 / 5.0
$75,000 home value, $435/mo rent
F
Safety
1.0 / 5.0
533 violent crimes/100K (40% above avg)
C
Education
2.3 / 5.0
16.5% bachelor's degree or higher
Income Overview
Median Household Income
$48,750
35% below
US avg: $75,149
Per Capita Income
$26,197
33% below
US avg: $39,052
Unemployment Rate
2.5%
31% below
US avg: 3.6%
Poverty Rate
14.8%
19% above
US avg: 12.4%
Income Comparison: Iron River vs. U.S. Average
Each bar shows Iron River’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$48,750
65%
Per Capita
US: $39,052
$26,197
67%
IRS Avg AGI
US: $72,000
$53,815
75%
Avg Weekly Wage
US: $1,432
$864
60%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$864
40% below US avg ($1,432)
Mean Commute Time
11 min
59% below US avg (28 min)
Work From Home
7.2%
53% below US avg (15.2%)
Drive Alone
76.7%
5% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$420M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
76.7%
Public Transit
0%
Work From Home
7.2%
Other
16.1%
Average commute time
11 minutes
US avg: 28 min
Business Landscape
Total Establishments
392
Restaurants
38
Healthcare
28
Retail
50
Manufacturing
17
Tax & Financial
IRS Avg Adjusted Gross Income
$53,815
25% below US avg ($72,000)
Avg Property Tax
$4,533
30% 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 | $48,750 |
| Per Capita Income | $26,197 |
| IRS Avg Adjusted Gross Income | $53,815 |
| Avg Weekly Wage | $864 |
| County GDP | $420M |
Hardship Indicators
| Unemployment Rate | 2.5% |
| Poverty Rate | 14.8% |
| Gini Coefficient | 0.434 |
| Cost of Living Index | 96.2 |
Commute
| Mean Commute | 11 minutes |
| Drive Alone | 76.7% |
| Public Transit | 0.0% |
| Work From Home | 7.2% |
Businesses
| Total Establishments | 392 |
| Restaurants | 38 |
| Healthcare | 28 |
| Retail | 50 |
| Manufacturing | 17 |
Tax
| IRS Avg AGI | $53,815 |
| Avg Property Tax | $4,533 |