Iron River, MI

Census Place

2024 Population

3,002

US Senator

Gary Peters

Democratic Party

US Senator

Elissa Slotkin

Democratic Party

2024 Median Age

43.1

4.11% 1-year increase

2024 Poverty Rate

20.6%

11% 1-year decrease

2024 Median Household Income

$54,183

11.1% 1-year growth

2024 Median Property Value

$85,000

Population & Diversity

Iron River, MI is home to a population of 3k people, from which 99.1% are citizens.

As of 2024, 0.866% of Iron River, MI residents were born outside of the country (26 people).

In 2024, there were 27.4 times more White (Non-Hispanic) residents (2.58k people) in Iron River, MI than any other race or ethnicity. There were 94 Two Races Including Other (Hispanic) and 83 Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

99.1%

2024 Citizenship

99.3%

2023 Citizenship

As of 2024, 99.1% of Iron River, MI residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Iron River, MI was 99.3%, meaning that the rate of citizenship has been decreasing.

The following chart shows US citizenship percentages in Iron River, MI compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Iron River, MI

White (Non-Hispanic)
2.58k ± 144
Two Races Including Other (Hispanic)
94 ± 40
Two Races Excluding Other, & Three or More Races (Non-Hispanic)
83 ± 35

5.1%

Hispanic Population

153 people

5.1% of the people in Iron River, MI are hispanic (153 people).

The following chart shows the 8 races represented in Iron River, MI as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Michigan.

Most Common Origin

Mexico
83,098 ± 7,048 people
India
80,532 ± 6,939 people
Iraq
55,181 ± 5,751 people

In 2024, the most common birthplace for the foreign-born residents of Michigan was Mexico, the natal country of 83,098 Michigan residents, followed by India with 80,532 and Iraq with 55,181.

Foreign-Born Population

0.866%

2024 Foreign-Born Population

26 people

0.665%

2023 Foreign-Born Population

20 people

As of 2024, 0.866% of Iron River, MI residents (26 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Iron River, MI was 0.665%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Iron River, MI compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Vietnam
57 ± 46
Gulf War (1990s)
17 ± 27
Gulf War (2001-)
14 ± 26

Iron River, MI has a large population of military personnel who served in Vietnam, 3.35 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Iron River, MI.

Economy

The economy of Iron River, MI employs 1.3k people. In 2024, the largest industries in Iron River, MI were Manufacturing (174 people), Accommodation & Food Services (139 people), and Health Care & Social Assistance (126 people), and the highest paying industries were Information ($65,156), Educational Services ($62,159), and Educational Services, & Health Care & Social Assistance ($55,927).

Employment

Occupations

1.3k

2024 Value

± 216

−5.61%

1 Year decline

± 25.7%

From 2023 to 2024, employment in Iron River, MI declined at a rate of −5.61%, from 1.37k employees to 1.3k employees.

The most common job groups, by number of people living in Iron River, MI, are Office & Administrative Support Occupations (204 people), Production Occupations (180 people), and Food Preparation & Serving Related Occupations (127 people). This chart illustrates the share breakdown of the primary jobs held by residents of Iron River, MI.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Michigan.

This chart shows weekly unemployment insurance claims in Michigan (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

1.3k

2024 Value

± 216

−5.61%

1 Year decline

± 25.7%

From 2023 to 2024, employment in Iron River, MI declined at a rate of −5.61%, from 1.37k employees to 1.3k employees.

The most common employment sectors for those who live in Iron River, MI, are Manufacturing (174 people), Accommodation & Food Services (139 people), and Health Care & Social Assistance (126 people). This chart shows the share breakdown of the primary industries for residents of Iron River, MI, though some of these residents may live in Iron River, MI and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$40,368

Median earning men ± $4,592

$34,623

Median earning women ± $5,562

The industries with the best median earnings for men in 2024 are Educational Services, & Health Care & Social Assistance ($93,864), Information ($65,938), and Public Administration ($49,375).

The industries with the best median earnings for women in 2024 are Manufacturing ($39,856), Educational Services, & Health Care & Social Assistance ($37,440), and Finance & Insurance, & Real Estate & Rental & Leasing ($30,179).

Housing & Living

The median property value in Iron River, MI was $85,000 in 2024, which is 0.255 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $75,000 to $85,000, a 13.3% increase. The homeownership rate in Iron River, MI is 70%, which is higher than the national average of 65.2%.

People in Iron River, MI have an average commute time of 11.3 minutes, and they drove alone to work. Car ownership in Iron River, MI is lower than the national average, with an average of 1 car per household.

Housing

Property

$85,000

Median Property Value 2024

±$12,485

$920

Median Property Taxes

±$169

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Iron River, MI the largest share of households pay taxes in the $800 - $1,499 range.

The chart underneath the paragraph shows the property taxes in Iron River, MI compared to it's parent and neighbor geographies.

Rent vs Own

70%

Homeownership

2024

60.4%

Homeowners with Mortgage

2024

In 2024, 70% of the housing units in Iron River, MI were occupied by their owner. This percentage declined from the previous year's rate of 72%.

This chart shows the percentage of owner in Iron River, MI compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$54,183

Median Household Income

± $5,287

1.31k

Number of Households

± 202

In 2024, the median household income of the 1.31k households in Iron River, MI grew to $54,183 from the previous year's value of $48,750.

The following chart displays the households in Iron River, MI distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $75k - $100k range.

Wage Distribution

The closest comparable wage GINI for Iron River, MI is from Michigan.

0.46

2024 Wage GINI in Michigan

0.462

2023 Wage GINI in Michigan

In 2024, the income inequality in Michigan was 0.46 according to the GINI calculation of the wage distribution. Income inequality had a 0.474% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Michigan was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Michigan in comparison to the national average.

This chart shows the number of workers in Michigan across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (69.5%)
Worked At Home (13.6%)
Carpooled (9.81%)

In 2024, 69.5% of workers in Iron River, MI drove alone to work, followed by those who worked at home (13.6%) and those who carpooled to work (9.81%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

11.3 minutes

Average Travel Time

Using averages, employees in Iron River, MI have a shorter commute time (11.3 minutes) than the normal US worker (26.4 minutes). Additionally, 0% of the workforce in Iron River, MI have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Iron River, MI compares to that of it's neighboring and parent geographies.

Car Ownership

1 car

Average Number

The following chart displays the households in Iron River, MI distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Iron River, MI have 1 car.

Poverty

Poverty & Diversity

20.6% of the population for whom poverty status is determined in Iron River, MI (608 out of 2.95k people) live below the poverty line, a number that is higher than the national average of 12.5%. The largest demographic living in poverty are Females 25 - 34, followed by Males 18 - 24 and then Females 55 - 64.

The most common racial or ethnic group living below the poverty line in Iron River, MI is White, followed by Two Or More and Hispanic.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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