Ironwood
Ironwood city, Michigan
Ironwood, Michigan, is a hidden gem for those seeking a tranquil and budget-friendly lifestyle. Imagine owning a home for a fraction of the national median, with Ironwood's median home value sitting at an astonishing $67,700. This remarkable affordability opens doors for first-time homebuyers or those looking to downsize and simplify their lives. While the median household income of $35,722 is notably lower than the national average, the cost of living here makes it go much further. The atmosphere is relaxed, with a strong sense of community, perfect for those who appreciate the simple pleasures of life.
From an investment perspective, Ironwood offers a unique opportunity. While the job market is less robust than in larger metropolitan areas, the incredibly low cost of entry into the housing market makes it attractive. The town's small population of 5,088 fosters a safe environment, ideal for families or retirees seeking peace of mind. Ironwood is best suited for individuals or couples who value affordability, a close-knit community, and a slower pace of life. It's a place where you can truly put down roots without breaking the bank.
Ironwood, Michigan at a Glance
Ironwood is a city in Ironwood city, Michigan with a population of approximately 5,088. The median home value is $67,700 and the median household income is $35,722.. The violent crime rate is 2.9 per 1,000 residents, which is 19% below the national average.. Median rent is $491 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$67,700
Median Income
$35,722
Population
5,088
Walk Score
N/A
Air Quality
N/A
Climate Risk
N/A
Excellent
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- Population
- 5,088
- Median Age
- N/A
- Median Household Income
- $35,722
52% below nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 13.6%
10% above nat'l avg
- Median Home Value
- $67,700
76% below nat'l avg
- Median Rent
- $491
58% below nat'l avg
- Homeownership Rate
- 76.6%
16% above nat'l avg
- Affordability Index
- N/A
- Violent Crime Rate
- 2.9 per 1K
19% below nat'l avg
- Property Crime Rate
- 1.8 per 1K
91% below nat'l avg
- AQI
- N/A
- Category
- N/A
- Overall Risk
- N/A
- Risk Score
- N/A
- Overall
- N/A
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- N/A
- Est. Monthly Electric
- N/A
- Unemployment Rate
- 10.8%
192% above nat'l avg
- Poverty Rate
- 13.6%
10% above nat'l avg
Weather & Climate in Ironwood
Avg High
59°F
Avg Low
41°F
Annual Rainfall
30.7"
Avg Humidity
70%
Political Landscape
→ Politically stable
Based on Gratiot County county-level presidential election data
Culture & Things to Do in Ironwood
Ironwood's Festival Ironwood
Annual community festival with food, music, and activities.
Jack Pine Savage Snowmobile Race
A snowmobile race held annually.
Ironwood's July 4th Celebration
Annual Independence Day celebration with fireworks and festivities.
Bessemer's Ethnic Festival
Annual celebration of the diverse cultures of the area.
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