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Mountain Iron city, Minnesota Demographics & Population 2026

Very AffordableHome value to income ratio of 2.2x is exceptionally low

As of 2026, Mountain Iron city, Minnesota has a total population of 2,865, the 213th largest city in Minnesota, with a median household income of $81,607, which is 7% lower than the state average. The poverty rate is 9.3%.

Key Takeaways

Mountain Iron city Quick Facts

Population 2,865
Median Household Income $81,607
Median Home Value $180,700
Poverty Rate 9.3%
Unemployment Rate 3.7%
Median Age 49.5 years
Homeownership Rate 74.2%
Affordability Ratio 2.2x
Bachelor's Degree or Higher 22.9%
High School Graduation Rate 94.1%
Diversity Index 9/100
Population 2,865 213th of 913
Median Income $81,607 above average
Poverty Rate 9.3% 25% lower national
Median Home Value $180,700 average

How Mountain Iron city Compares

Economy & Housing

Employment

3.7% Unemployment Rate State: 3.9% | National: 5.2%
61.9% Labor Force Participation

Housing Overview

Owner 74.2%
Renter 25.8%
Affordability Index Very Affordable
2.2x home value to income ratio

People & Demographics

Diversity Index

9out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 40 | National average: 60

Education

Mountain Iron city Rankings in Minnesota

#213 Population of 913
#272 Median Income of 913
#360 Education of 913
#388 Home Value of 913

Other Cities in St. Louis County

CityPopulationMedian IncomePovertyHome Value
Duluth city 86,863 $66,263 17.2% $225,700
Hibbing city 16,100 $55,463 14.2% $123,900
Hermantown city 10,192 $92,026 5.1% $374,000
Virginia city 8,362 $48,321 23.2% $117,500
Chisholm city 4,731 $54,815 11.2% $108,100
Rice Lake city 4,120 $95,347 6.8% $283,700
Eveleth city 3,470 $47,721 19.0% $91,800
Ely city 3,239 $46,042 15.9% $150,800
Proctor city 3,102 $80,913 5.3% $219,500
Hoyt Lakes city 2,074 $64,514 10.1% $90,700

Cities Similar to Mountain Iron city

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Dodge Center city2,864$77,552$175,90015.7%5.0%
Barnesville city2,757$83,333$218,30030.5%6.4%
Albany city2,800$75,417$226,00022.4%3.6%
Proctor city3,102$80,913$219,50027.9%5.3%
Caledonia city2,825$69,792$148,50017.7%9.2%

Population Overview

Mountain Iron city is a small community located in Minnesota, within St. Louis County. The total population is 2,865. It ranks as the 213th most populous out of 913 cities and towns in Minnesota.

Age Demographics

The median age in Mountain Iron city is 49.5 years. This is 28% higher than the state median of 38.6 years.

Economy, Income & Housing

The median household income in Mountain Iron city is $81,607. This is 7% lower than the state median of $87,556. Compared to the national median of $78,538, household income here is 4% higher. The poverty rate stands at 9.3%. This is 1% higher than the state poverty rate of 9.2%. The unemployment rate is 3.7%. This is 6% lower than the state rate of 3.9%. The median home value is $180,700. Housing costs are 41% lower than the state median of $305,500. With a home-value-to-income ratio of just 2.2x, Mountain Iron city is one of the most affordable housing markets in the area. 74.2% of occupied housing units are owner-occupied. This homeownership rate is 3% higher than the state average of 72.4%.

Race & Ethnicity

Mountain Iron city has a predominantly White (non-Hispanic) population, comprising 95.3% of all residents. Asian residents account for 1.9%. The Black or African American population (0.2%) is well below the state average of 6.7%. The Asian population (1.9%) is well below the state average of 5.0%.

Education

22.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 41% lower than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 94.1%.

Data Sources & Methodology

All demographic data for Mountain Iron city, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Mountain Iron city, Minnesota?

Mountain Iron city, Minnesota has a population of 2,865 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Mountain Iron city, MN?

The median household income in Mountain Iron city is $81,607, which is 4% higher the national median of $78,538.

What is the poverty rate in Mountain Iron city, MN?

The poverty rate in Mountain Iron city is 9.3%. This means approximately 264 residents live below the federal poverty line.

What is the racial makeup of Mountain Iron city, Minnesota?

Mountain Iron city's population is 95.3% White, 0.2% Black, 0.0% Hispanic/Latino, and 1.9% Asian.

What is the median home value in Mountain Iron city, MN?

The median home value in Mountain Iron city is $180,700. The home-value-to-income ratio is 2.2x.

How educated is Mountain Iron city, Minnesota?

22.9% of adults (25+) in Mountain Iron city hold a bachelor's degree or higher, and 5.4% hold a graduate or professional degree.