Iron Junction, MN
Population 95 · Minnesota
About Iron Junction, MN
Iron Junction is a small community located in Minnesota with a population of 95 residents according to the latest US Census Bureau American Community Survey data. The median household income is $38,333 per year, which is 49% below the national median of $75,149. The median age of 37.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Iron Junction features a median home value of $127,500, which is 48% below the national median of $244,900. This makes Iron Junction one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 44 total housing units, 91% are owner-occupied (40 units) and 9% are renter-occupied (4 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Iron Junction shows an unemployment rate of 2.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 20.4%, above the national average of 12.4%. Workers in Iron Junction have an average one-way commute time of 27.8 minutes.
Education & Demographics
16.9% of Iron Junction residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 3.2% Hispanic or Latino, 0.0% Black or African American, and 2.1% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Iron Junction, MN
Compared to national averages, Iron Junction has a median household income of $38,333 (49% below the national median of $75,149). Home values average $127,500, which is 48% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Iron Junction's income is 48% below the state average of $74,221, and home values are 38% below the state median of $204,472.
Why Live in Iron Junction, MN?
Iron Junction offers affordable housing with a median home value of $127,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 2.3%.
Potential considerations include median household income ($38,333) that falls below the national average. However, Iron Junction’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Iron Junction has a population of 95 with a median age of 37.8 years. Compare Iron Junction with other cities to see how it stacks up, or explore all cities in Minnesota.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Iron Junction
What is the population of Iron Junction, MN?
The population of Iron Junction, MN is 95 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Iron Junction?
The median household income in Iron Junction, MN is $38,333 per year, which is 49% below the national median of $75,149.
What is the median home value in Iron Junction?
The median home value in Iron Junction, MN is $127,500, which is 48% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Iron Junction?
The median monthly rent in Iron Junction, MN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Iron Junction?
The unemployment rate in Iron Junction, MN is 2.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Iron Junction, MN a good place to live?
Iron Junction offers a moderate cost of living, affordable housing, and a strong job market. With a population of 95 and a median age of 37.8, the city appeals to a broad range of residents.
How educated is Iron Junction, MN?
16.9% of residents in Iron Junction aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Iron Junction?
Key cost-of-living indicators for Iron Junction, MN: median home value is $127,500 (48% below national), median rent is $0/month, and median household income is $38,333. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Iron Junction?
The poverty rate in Iron Junction, MN is 20.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Iron Junction, MN?
Iron Junction's population is 0.0% White, 3.2% Hispanic or Latino, 0.0% Black or African American, 2.1% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.