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The total population of Mountain Iron is estimated to be 2,862 with 1,372 males (47.94%) and 1,490 females (52.06%). There are 118 more females than males in Mountain Iron.
The median household income in Mountain Iron was $71,804 in 2021, which marked an a decrease of 2,424(3.27%) from $74,228 in 2020. This income is 96.24% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Mountain Iron sees its highest median household income among householders in the age group of 25 to 44 years old, at $100,998. Overall, the median household income for the city of Mountain Iron stands at $71,804.
In Mountain Iron, the median income for all workers aged 15 years and older, regardless of work hours, was $44,858 for males and $29,884 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $69,757 for males and $54,410 for females.
In Mountain Iron, population is primarily represented by White households, reporting a median income of $73,422.
In 2022, the population of Mountain Iron was 2,860, a 0.00% decrease year-by-year from 2021. Previously, in 2021, Mountain Iron's population was 2,860, a decline of 0.28% compared to a population of 2,868 in 2020.
The median age in Mountain Iron, MN is 48.3, as per 2021 ACS 5-Year Estimates. Of the total population, 12.21% were under the age of 15, 15.24% aged 15 to 29, 49.76% aged 30 to 64, 20.67% aged 65 to 84, and 2.12% were 85 years of age and older.
Racial distribution of Mountain Iron population: 95.13% are White, 0.24% are Black or African American, 0.77% are American Indian and Alaska Native, 2.75% are Asian and 1.11% are multiracial.