Iron River, MI
3,002Residents
$54,183Median household income
$486/moMedian gross rent
$85,000Median home value
43.1Median age
21%Adults with a bachelor’s degree or higher
70%Homes lived in by their owners
1.6×Home value to household income
Median rent takes about 11% of the median household income in Iron River.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $19,000 a year. In Michigan that leaves roughly $1,371 a month after tax. See the full paycheck breakdown for $30,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.