Iron River, WI
Population 752 · Wisconsin
About Iron River, WI
Iron River is a small community in Wisconsin with a population of 752 residents. The median household income is $55,294 per year, which is near the national average. The median age in Iron River is 55.2 years.
Housing in Iron River has a median home value of $152,100 and median monthly rent of $653. Of the 473 total housing units, the majority are owner-occupied, with 268 owner-occupied and 104 renter-occupied units.
The unemployment rate in Iron River is 2.4% and the poverty rate is 9.1%. 24.8% of residents hold a bachelor's degree or higher. The average commute time is 33.5 minutes.
Cost of Living in Iron River, WI
Compared to national averages, Iron River has a median household income of $55,294 (26% below the national median of $75,149). Home values average $152,100, which is 38% below the national median. Monthly rent at $653 is 44% below the US average of $1,163. Within Wisconsin, Iron River's income is 24% below the state average of $72,579, and home values are 26% below the state median of $205,802.
Why Live in Iron River, WI?
Iron River offers affordable housing with a median home value of $152,100, below the US average of $244,900, and rent that’s lower than the national average at $653/month, and a strong job market with an unemployment rate of just 2.4%. Additionally, the city features a low poverty rate of 9.1%, better than the national average.
Potential considerations include median household income ($55,294) that falls below the national average. However, Iron River’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Iron River has a population of 752 with a median age of 55.2 years. Compare Iron River with other cities to see how it stacks up, or explore all cities in Wisconsin.
Similar Cities Near Iron River
Cities in Wisconsin with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Almena | 749 | $49,250 | $106,100 | Compare |
| Fountain City | 747 | $51,759 | $161,700 | Compare |
| La Farge | 745 | $39,200 | $111,300 | Compare |
| Lake Ivanhoe | 764 | $82,963 | $171,000 | Compare |
| Cambria | 765 | $69,375 | $149,300 | Compare |
| Eden | 766 | $68,523 | $163,800 | Compare |
| Potter Lake | 766 | $93,864 | $279,400 | Compare |
| Friendship | 737 | $46,250 | $110,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Wisconsin
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Iron River
What is the population of Iron River, WI?
The population of Iron River, WI is 752 according to the latest Census data.
What is the median household income in Iron River?
The median household income in Iron River, WI is $55,294 per year.
What is the median home value in Iron River?
The median home value in Iron River, WI is $152,100.
What is the average rent in Iron River?
The median monthly rent in Iron River, WI is $653.
What is the unemployment rate in Iron River?
The unemployment rate in Iron River, WI is 2.4%.