Iron Mountain
Iron Mountain city, Michigan
Iron Mountain, Michigan, offers a refreshing alternative for those seeking a tranquil lifestyle without breaking the bank. With a population just over 7,500, this charming city in the Upper Peninsula boasts a tight-knit community feel, where neighbors know each other and the pace of life is decidedly slower. The real draw? Unbeatable affordability. The median home value here is a stunning $112,600, a stark contrast to the national median of around $350,000. This makes homeownership a realistic dream for many, opening doors to a comfortable lifestyle that might be out of reach elsewhere.
From an investment perspective, Iron Mountain presents a compelling case. While the median household income of $53,215 is lower than the national average, the cost of living is significantly lower, offering a high quality of life for the value. The housing market is stable, and the city's low crime rates contribute to a sense of security. Though I don't have walkability stats, the city's compact layout and friendly atmosphere make it ideal for families, retirees, or anyone seeking a peaceful and affordable place to call home. If you value community, affordability, and a slower pace of life, Iron Mountain could be your perfect match.
Iron Mountain, Michigan at a Glance
Iron Mountain is a city in Iron Mountain city, Michigan with a population of approximately 7,522. The median home value is $112,600 and the median household income is $53,215. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 2.0 per 1,000 residents, which is 44% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Moderate." Median rent is $706 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$112,600
Median Income
$53,215
Population
7,522
Walk Score
0
Air Quality
AQI 41
Good
Climate Risk
Relatively Moderate
Good
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- Population
- 7,522
- Median Age
- N/A
- Median Household Income
- $53,215
29% below nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 10.7%
14% below nat'l avg
- Median Home Value
- $112,600
60% below nat'l avg
- Median Rent
- $706
39% below nat'l avg
- Homeownership Rate
- 75.9%
15% above nat'l avg
- Affordability Index
- N/A
- Violent Crime Rate
- 2.0 per 1K
44% below nat'l avg
- Property Crime Rate
- 1.2 per 1K
94% below nat'l avg
- AQI
- 41
Near nat'l avg
- Category
- Good
- Overall Risk
- Relatively Moderate
- Risk Score
- 68.22
Top Hazards
- Overall
- N/A
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- 18.4¢/kWh
11% above nat'l avg
- Est. Monthly Electric
- $166
21% above nat'l avg
- Unemployment Rate
- 4.7%
27% above nat'l avg
- Poverty Rate
- 10.7%
14% below nat'l avg
Political Landscape
→ Politically stable
Based on Gratiot County county-level presidential election data
Culture & Things to Do in Iron Mountain
Italian Fest
Annual festival celebrating Italian heritage with food, music, and cultural activities.
Out to Lunch Program
Free summer concerts held weekly at various locations.
U.P. Fall Beer Festival
A beer festival held in late summer/early fall featuring craft beers.
Christmas Walk
Annual holiday event with a parade, tree lighting, and visits with Santa.
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