Mountain Iron, MN
2,860Residents
$83,293Median household income
$918/moMedian gross rent
$192,800Median home value
47.5Median age
23%Adults with a bachelor’s degree or higher
70%Homes lived in by their owners
2.3×Home value to household income
Median rent takes about 13% of the median household income in Mountain Iron.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $37,000 a year. In Minnesota that leaves roughly $2,449 a month after tax. See the full paycheck breakdown for $35,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.