Iron Mountain, MI Profile: Facts & Data

Iron Mountain, Michigan - Basic Facts

The City of Iron Mountain had a population of 7,400 as of July 1, 2024.

The primary coordinate point for Iron Mountain is located at latitude 45.8202 and longitude -88.066 in Dickinson County. The formal boundaries for the City of Iron Mountain encompass a land area of 7.37 sq. miles and a water area of 0.67 sq. miles. Dickinson County is in the Central time zone (GMT -6).

The City of Iron Mountain has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

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Iron Mountain, MI Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	7,400 (100%)
Population in Households	7,306 (98.7%)
Population in Families	5,387 (72.8%)
Population in Group Quarters¹	94 ( 1.3%)
Population Density	981
Diversity Index²	19


INCOME
Median Household Income	$55,399
Average Household Income	$76,673
% of Income for Mortgage⁴	17%
Per Capita Income	$35,455
Wealth Index⁵	63
Socioeconomic Status Index⁶	Moderate (54.3)

HOUSING
Total HU (Housing Units)	3,796 (100%)
Owner Occupied HU	2,472 (65.1%)
Renter Occupied HU	948 (25.0%)
Vacant Housing Units	376 ( 9.9%)
Median Home Value	$148,663
Average Home Value	$201,922
Housing Affordability Index³	137

HOUSEHOLDS
Total Households	3,420
Average Household Size	2.14
Family Households	1,874
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

3,796 (100%)

Owner Occupied HU

2,472 (65.1%)

Renter Occupied HU

948 (25.0%)

Vacant Housing Units

376 ( 9.9%)

Median Home Value

$148,663

Average Home Value

$201,922

Housing Affordability Index³

137

HOUSEHOLDS

Total Households

3,420

Average Household Size

2.14

Family Households

1,874

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.37%	-0.23%
Households	0.03%	0.25%
Families		0.38%
Median Household Income		2.42%
Per Capita Income		3.70%
Owner Occupied HU		0.53%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.37%

-0.23%

Households

0.03%

0.25%

Families

0.38%

Median Household Income

2.42%

Per Capita Income

3.70%

Owner Occupied HU

0.53%

Iron Mountain, MI - Peer Comparisons by Rank and Percentile

The table below compares Iron Mountain to the other 745 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 139	81st
Population Density	# 331	56th
Median Household Income	# 525	30th
Housing Affordability Index	# 499	67th
Per Capita Income	# 372	50th
Diversity Index	# 511	32nd

Variable Description

Rank

Percentile

Total Population

# 139

81st

Population Density

# 331

56th

Median Household Income

# 525

30th

Housing Affordability Index

# 499

67th

Per Capita Income

# 372

50th

Diversity Index

# 511

32nd

Michigan Census Data Comparison Tool

Iron Mountain, MI Profile: Facts & Data

Iron Mountain, Michigan - Basic Facts

Iron Mountain, MI Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Iron Mountain, MI - Peer Comparisons by Rank and Percentile

Iron Mountain, MI - Most Popular Things to Do

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Dickinson County