Mountain Iron, MN
Full City Profile · Minnesota · St. Louis County County
Mountain Iron, MN
At a Glance
How Mountain Iron Compares to the U.S. Average
Each bar shows Mountain Iron's value as a percentage of the national average (100% = U.S. avg)
Is Mountain Iron a Good Place to Live?
Economy & Jobs
Mountain Iron residents earn a median household income of $81,607 , which is 9% above the national average of $75,149. Per capita income is $40,473. The unemployment rate stands at 3.7% (3% above the U.S. rate of 3.6%). 6.7% of residents live below the poverty line. The area is home to 5,646 business establishments, including 557 restaurants.
Housing & Cost of Living
The median home value in Mountain Iron is $180,700 , 36% below the national median of $281,900. Zillow estimates the typical home at $201,219. Median rent is $911/month, with 26.8% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1974.
Education
22.9% of adults in Mountain Iron hold a bachelor's degree or higher (32% below the national average). 94.1% have completed high school. Local schools score 6.0/10 in standardized testing.
Climate & Weather
Mountain Iron has an average annual temperature of 39°F (4°C). Winters average 8°F in January while summers reach 66°F in July. Annual precipitation totals 27.6 inches.