Iron Mountain Lake, MO
Population 789 · Missouri
About Iron Mountain Lake, MO
Iron Mountain Lake is a small community located in Missouri with a population of 789 residents according to the latest US Census Bureau American Community Survey data. The median household income is $30,395 per year, which is 60% below the national median of $75,149. The median age of 48.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Iron Mountain Lake features a median home value of $38,600, which is 84% below the national median of $244,900. This makes Iron Mountain Lake one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $715, 39% below the national average of $1,163/month. Of the 392 total housing units, 76% are owner-occupied (217 units) and 24% are renter-occupied (69 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Iron Mountain Lake shows an unemployment rate of 2.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 26.6%, above the national average of 12.4%. Workers in Iron Mountain Lake have an average one-way commute time of 30.9 minutes.
Education & Demographics
2.3% of Iron Mountain Lake 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 0.5% White, 1.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.3% of the population being foreign-born.
How Iron Mountain Lake Ranks in Missouri
Cost of Living in Iron Mountain Lake, MO
Compared to national averages, Iron Mountain Lake has a median household income of $30,395 (60% below the national median of $75,149). Home values average $38,600, which is 84% below the national median. Monthly rent at $715 is 39% below the US average of $1,163. Within Missouri, Iron Mountain Lake's income is 50% below the state average of $61,047, and home values are 74% below the state median of $150,786.
Why Live in Iron Mountain Lake, MO?
Iron Mountain Lake offers affordable housing with a median home value of $38,600, below the US average of $244,900, and rent that’s lower than the national average at $715/month, and a strong job market with an unemployment rate of just 2.7%.
Potential considerations include median household income ($30,395) that falls below the national average. However, Iron Mountain Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Iron Mountain Lake has a population of 789 with a median age of 48.5 years. Compare Iron Mountain Lake with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Iron Mountain Lake
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Orrick | 787 | $70,417 | $112,700 | Compare |
| Airport Drive | 785 | $64,375 | $210,000 | Compare |
| Jasper | 785 | $48,750 | $110,900 | Compare |
| New Florence | 784 | $48,125 | $92,800 | Compare |
| Wood Heights | 783 | $85,417 | $187,500 | Compare |
| Stewartsville | 781 | $73,906 | $121,400 | Compare |
| La Belle | 777 | $35,074 | $81,500 | Compare |
| Liberal | 776 | $53,333 | $76,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Missouri
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Iron Mountain Lake With Other Cities
Frequently Asked Questions about Iron Mountain Lake
What is the population of Iron Mountain Lake, MO?
The population of Iron Mountain Lake, MO is 789 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Missouri.
What is the median household income in Iron Mountain Lake?
The median household income in Iron Mountain Lake, MO is $30,395 per year, which is 60% below the national median of $75,149.
What is the median home value in Iron Mountain Lake?
The median home value in Iron Mountain Lake, MO is $38,600, which is 84% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Iron Mountain Lake?
The median monthly rent in Iron Mountain Lake, MO is $715, which is 39% below the national average of $1,163/month.
What is the unemployment rate in Iron Mountain Lake?
The unemployment rate in Iron Mountain Lake, MO is 2.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Iron Mountain Lake, MO a good place to live?
Iron Mountain Lake offers a moderate cost of living, affordable housing, and a strong job market. With a population of 789 and a median age of 48.5, the city appeals to established professionals and retirees.
How educated is Iron Mountain Lake, MO?
2.3% of residents in Iron Mountain Lake 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 Mountain Lake?
Key cost-of-living indicators for Iron Mountain Lake, MO: median home value is $38,600 (84% below national), median rent is $715/month, and median household income is $30,395. The home-value-to-income ratio is 1.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Iron Mountain Lake?
The poverty rate in Iron Mountain Lake, MO is 26.6%, 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 Mountain Lake, MO?
Iron Mountain Lake's population is 0.5% White, 1.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.1% two or more races. 0.3% of residents are foreign-born.