Iron River

Population: 3,009
Median household income: $48,750
Median home value: $75,000

Iron River, a community in Iron County, Michigan, has 3,009 residents. The median household income of $48,750 is below the Iron County median ($53,614).

From 2019 to 2023, Iron River's population grew 5.4% from 2,854 to 3,009, while its median home value rose 38.9% from $54,000 to $75,000.

16.5% of adults 25 and older hold a bachelor's degree or higher. Owners occupy 72.0% of the area's occupied homes.

Demographics

ACS 2019–2023

Population: 3,009
Median age: 41.4 yrs
Median household income: $48,750
Median home value: $75,000
Median gross rent: $435
Housing units: 1,858
Homeownership rate: 72.0%
Bachelor's degree or higher: 16.5%
Unemployment rate: 4.3%

Trends

ACS 5-year · 2019–2023

Population

2,8543,009

Median household income

$34,940$48,750

Median home value

$54,000$75,000

Median gross rent

$477$435

Year	Population	Median household income	Median home value	Median gross rent
2019	2,854	$34,940	$54,000	$477
2020	2,831	$37,452	$53,100	$494
2021	2,989	$39,775	$56,800	$518
2022	2,995	$48,333	$71,800	—
2023	3,009	$48,750	$75,000	$435

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 54.9%

5 to 1715.0%

18 to 246.6%

25 to 3410.5%

35 to 4414.7%

45 to 5411.0%

55 to 6419.0%

65 to 7410.1%

75 and over8.1%

	Count	Share
Under 5	147	4.9%
5 to 17	452	15.0%
18 to 24	198	6.6%
25 to 34	317	10.5%
35 to 44	443	14.7%
45 to 54	331	11.0%
55 to 64	572	19.0%
65 to 74	305	10.1%
75 and over	244	8.1%

Race & ethnicity

	Count	Share
White (non-Hispanic)	2,804	93.2%
Black or African American	24	0.8%
American Indian & Alaska Native	54	1.8%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	25	0.8%
Hispanic or Latino (any race)	102	3.4%

Educational attainment (age 25+)

No high school diploma6.0%

High school graduate48.6%

Some college or associate's28.8%

Bachelor's degree12.5%

Graduate or professional degree4.1%

	Count	Share
No high school diploma	132	6.0%
High school graduate	1,076	48.6%
Some college or associate's	638	28.8%
Bachelor's degree	276	12.5%
Graduate or professional degree	90	4.1%

Commute to work

Mean travel time to work: 11 min

Drove alone76.7%

Carpooled9.0%

Public transit0.0%

Walked2.6%

Bicycle0.0%

Worked from home7.2%

Other means4.5%

How workers get to work

	Count	Share
Drove alone	1,048	76.7%
Carpooled	123	9.0%
Public transit	0	0.0%
Walked	36	2.6%
Bicycle	0	0.0%
Worked from home	98	7.2%
Other means	62	4.5%

Travel time

	Count	Share
Under 15 min	867	68.3%
15 to 29 min	336	26.5%
30 to 44 min	55	4.3%
45 to 59 min	8	0.6%
60+ min	3	0.2%

Households

Average household size: 2.17
Poverty rate: 23.2% (687 of 2,960)

	Count	Share
Family households	764	56.6%
Nonfamily households	585	43.4%

Housing

Median year structure built: 1951

Occupancy

	Count	Share
Occupied	1,349	72.6%
Vacant	509	27.4%

Tenure (of occupied units)

	Count	Share
Owner-occupied	971	72.0%
Renter-occupied	378	28.0%

1-unit, detached78.5%

1-unit, attached0.0%

2 to 4 units9.7%

5 to 19 units7.3%

20 or more units3.3%

Mobile home & other1.2%

Units in structure

	Count	Share
1-unit, detached	1,458	78.5%
1-unit, attached	0	0.0%
2 to 4 units	180	9.7%
5 to 19 units	135	7.3%
20 or more units	62	3.3%
Mobile home & other	23	1.2%

Geography

Place GEOID: 2640980
Type (LSAD): 25
Land area: 6.74 sq mi
Water area: 0.02 sq mi
Center point: 46.0959, -88.6366