Ironwood, MI
Population 5,004 · Michigan
About Ironwood, MI
Ironwood is a small community in Michigan with a population of 5,004 residents. The median household income is $37,191 per year, which is below the national average. The median age in Ironwood is 50.4 years.
Housing in Ironwood has a median home value of $74,900 and median monthly rent of $555. Of the 3,072 total housing units, the majority are owner-occupied, with 1,960 owner-occupied and 733 renter-occupied units.
The unemployment rate in Ironwood is 12.7% and the poverty rate is 14.9%. 19.5% of residents hold a bachelor's degree or higher. The average commute time is 18.6 minutes.
How Ironwood Ranks in Michigan
Cost of Living in Ironwood, MI
Compared to national averages, Ironwood has a median household income of $37,191 (51% below the national median of $75,149). Home values average $74,900, which is 69% below the national median. Monthly rent at $555 is 52% below the US average of $1,163. Within Michigan, Ironwood's income is 44% below the state average of $66,017, and home values are 59% below the state median of $183,391.
Why Live in Ironwood, MI?
Ironwood offers affordable housing with a median home value of $74,900, below the US average of $244,900, and rent that’s lower than the national average at $555/month, and short commute times averaging just 18.6 minutes.
Potential considerations include median household income ($37,191) that falls below the national average. However, Ironwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Ironwood has a population of 5,004 with a median age of 50.4 years. Compare Ironwood with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Ironwood
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Gibraltar | 4,937 | $88,682 | $212,300 | Compare |
| Davison | 5,082 | $50,450 | $166,100 | Compare |
| Frankenmuth | 5,108 | $84,583 | $277,600 | Compare |
| Kingsford | 5,138 | $61,108 | $110,600 | Compare |
| Pearl Beach | 4,846 | $84,079 | $303,000 | Compare |
| Coopersville | 4,841 | $62,575 | $216,900 | Compare |
| Allegan | 5,182 | $42,261 | $161,100 | Compare |
| Utica | 5,184 | $55,524 | $216,800 | 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.
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Frequently Asked Questions about Ironwood
What is the population of Ironwood, MI?
The population of Ironwood, MI is 5,004 according to the latest Census data.
What is the median household income in Ironwood?
The median household income in Ironwood, MI is $37,191 per year.
What is the median home value in Ironwood?
The median home value in Ironwood, MI is $74,900.
What is the average rent in Ironwood?
The median monthly rent in Ironwood, MI is $555.
What is the unemployment rate in Ironwood?
The unemployment rate in Ironwood, MI is 12.7%.