Mountain Iron, MN
Population 2,865 · Minnesota
About Mountain Iron, MN
Mountain Iron is a small community in Minnesota with a population of 2,865 residents. The median household income is $81,607 per year, which is above the national average. The median age in Mountain Iron is 49.5 years.
Housing in Mountain Iron has a median home value of $180,700 and median monthly rent of $911. Of the 1,423 total housing units, the majority are owner-occupied, with 962 owner-occupied and 334 renter-occupied units.
The unemployment rate in Mountain Iron is 3.7% and the poverty rate is 9.3%. 22.9% of residents hold a bachelor's degree or higher. The average commute time is 15.6 minutes.
Cost of Living in Mountain Iron, MN
Compared to national averages, Mountain Iron has a median household income of $81,607 (9% above the national median of $75,149). Home values average $180,700, which is 26% below the national median. Monthly rent at $911 is 22% below the US average of $1,163. Within Minnesota, Mountain Iron's income is 10% above the state average of $74,221, and home values are 12% below the state median of $204,472.
Why Live in Mountain Iron, MN?
Mountain Iron offers a strong local economy with a median household income of $81,607, well above the national average, and affordable housing with a median home value of $180,700, below the US average of $244,900, and rent that’s lower than the national average at $911/month. Additionally, the city features a low poverty rate of 9.3%, better than the national average, and short commute times averaging just 15.6 minutes.
Mountain Iron has a population of 2,865 with a median age of 49.5 years. Compare Mountain Iron with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Mountain Iron
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Dodge Center | 2,864 | $77,552 | $175,900 | Compare |
| Greenfield | 2,897 | $147,184 | $524,300 | Compare |
| Caledonia | 2,825 | $69,792 | $148,500 | Compare |
| Albany | 2,800 | $75,417 | $226,000 | Compare |
| Afton | 2,944 | $129,956 | $655,400 | Compare |
| Cokato | 2,780 | $71,090 | $216,100 | Compare |
| Barnesville | 2,757 | $83,333 | $218,300 | Compare |
| Roseau | 2,728 | $60,185 | $130,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Mountain Iron
What is the population of Mountain Iron, MN?
The population of Mountain Iron, MN is 2,865 according to the latest Census data.
What is the median household income in Mountain Iron?
The median household income in Mountain Iron, MN is $81,607 per year.
What is the median home value in Mountain Iron?
The median home value in Mountain Iron, MN is $180,700.
What is the average rent in Mountain Iron?
The median monthly rent in Mountain Iron, MN is $911.
What is the unemployment rate in Mountain Iron?
The unemployment rate in Mountain Iron, MN is 3.7%.