Iron Mountain, MI
Population 7,508 · Michigan
About Iron Mountain, MI
Iron Mountain is a small community in Michigan with a population of 7,508 residents. The median household income is $56,622 per year, which is near the national average. The median age in Iron Mountain is 42.9 years.
Housing in Iron Mountain has a median home value of $117,600 and median monthly rent of $656. Of the 3,771 total housing units, the majority are owner-occupied, with 2,567 owner-occupied and 971 renter-occupied units.
The unemployment rate in Iron Mountain is 5.1% and the poverty rate is 11.5%. 23.5% of residents hold a bachelor's degree or higher. The average commute time is 16.1 minutes.
Cost of Living in Iron Mountain, MI
Compared to national averages, Iron Mountain has a median household income of $56,622 (25% below the national median of $75,149). Home values average $117,600, which is 52% below the national median. Monthly rent at $656 is 44% below the US average of $1,163. Within Michigan, Iron Mountain's income is 14% below the state average of $66,017, and home values are 36% below the state median of $183,391.
Why Live in Iron Mountain, MI?
Iron Mountain offers affordable housing with a median home value of $117,600, below the US average of $244,900, and rent that’s lower than the national average at $656/month, and a low poverty rate of 11.5%, better than the national average. Additionally, the city features short commute times averaging just 16.1 minutes.
Potential considerations include median household income ($56,622) that falls below the national average. However, Iron Mountain’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Iron Mountain has a population of 7,508 with a median age of 42.9 years. Compare Iron Mountain with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Iron Mountain
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hastings | 7,515 | $56,309 | $159,000 | Compare |
| Freeland | 7,562 | $103,431 | $241,400 | Compare |
| Brighton | 7,576 | $81,772 | $302,800 | Compare |
| Albion | 7,608 | $40,040 | $91,100 | Compare |
| Ludington | 7,664 | $44,471 | $192,800 | Compare |
| Hudsonville | 7,711 | $88,606 | $260,500 | Compare |
| St. Johns | 7,712 | $63,030 | $175,300 | Compare |
| Shields | 7,276 | $83,986 | $173,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Iron Mountain With Other Cities
Frequently Asked Questions about Iron Mountain
What is the population of Iron Mountain, MI?
The population of Iron Mountain, MI is 7,508 according to the latest Census data.
What is the median household income in Iron Mountain?
The median household income in Iron Mountain, MI is $56,622 per year.
What is the median home value in Iron Mountain?
The median home value in Iron Mountain, MI is $117,600.
What is the average rent in Iron Mountain?
The median monthly rent in Iron Mountain, MI is $656.
What is the unemployment rate in Iron Mountain?
The unemployment rate in Iron Mountain, MI is 5.1%.