Mountain Iron, MN Profile: Facts & Data

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Mountain Iron, Minnesota - Basic Facts

The City of Mountain Iron had a population of 2,882 as of July 1, 2019. Mountain Iron ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Minnesota. See peer rankings below.

The primary coordinate point for Mountain Iron is located at latitude 47.5324 and longitude -92.6235 in St. Louis County. The formal boundaries for the City of Mountain Iron encompass a land area of 68.52 sq. miles and a water area of 2.79 sq. miles. St. Louis County is in the Central time zone (GMT -6). The elevation is 1,483 feet.

The City of Mountain Iron (GNIS ID: 2395133) 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.

Alternate Unofficial Names for Mountain Iron: City of Mountain Iron.

Jump to... (On This Page!)
  1. Mountain Iron 2019 Demographic Data
  2. Growth Rates for Mountain Iron (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Minnesota Research Tools (Easy Tools & Current Data)
  3. Minnesota Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Mountain Iron, MN Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Mountain Iron, MN Housing Affordability Index is 170
State of Minnesota Housing Affordability Index is 135
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.

WEALTH INDEX

Mountain Iron, MN Wealth Index is 71
State of Minnesota Wealth Index is 112
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.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

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  1. For information about schools and school attendance zones, use the HTL Address Tool
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  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Minnesota COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 2,882 (100%)
Population in Households 2,866 (99.4%)
Population in Families 2,147 (74.5%)
Population in Group Quarters1 16 ( 0.6%)
Population Density 42
Diversity Index2 9
 

INCOME

Median Household Income $58,420
Average Household Income $68,800
Per Capita Income $31,671
Wealth Index4 71

HOUSING

Total Housing Units 1,465 (100%)
Owner Occupied HU 936 (63.9%)
Renter Occupied HU 391 (26.7%)
Vacant Housing Units 138 ( 9.4%)
Median Home Value $177,948
Housing Affordability Index3 170
 

HOUSEHOLDS

Total Households 1,327
Average Household Size 2.16
Family Households 780
Average Family Size 3
NOTES
  1. 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.
  2. 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 race 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.
  3. 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.
  4. 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.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.05% 0.14%
Households -0.07% 0.06%
Families -0.22% -0.03%
Median Household Income   2.99%
Per Capita Income   2.93%

Mountain Iron, MN - Peer Comparisons by Rank and Percentile

The table below compares Mountain Iron to the other 903 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2019 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 # 218 76th
Population Density # 868 4th
Diversity Index # 717 21st
Median Household Income # 460 49th
Per Capita Income # 389 57th

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.

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