Cost Of Living
Residents in this area benefit from an affordable cost of living. This includes goods and services, transportation, housing, utilities, groceries and healthcare.
Crime
This area is characterized by a crime rate, per 100,000 individuals, that falls well below the national average, indicating its potential as a very safe place to live.
Employment
This area scores extremely well in the employment category. This is primarily due to the combination of low unemployment rates, higher median home income and income per capita.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Amenities
It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.
Commute
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
Mountain Iron is a small-sized city located in the state of Minnesota. The city has a population of 2,854 residents. Mountain Iron has a population density of 42 people per square mile. This would be considered about average when compared to the national population density level. At 97%, the majority of the Mountain Iron population is White; this is followed by 2% Asian and 1% American Indian and Alaskan. Based on an average age of 49, Mountain Iron appears to be well-suited for seniors or retirees as the average age is well above the national average. If you are not a fan of long commutes, you will enjoy living in Mountain Iron. With an average one way commute time of only 20 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
Whether you’re relocating to a new town to be closer to family, friends or for a new job, living in Mountain Iron could be a positive experience compared to other cities in Minnesota if you know where to search. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. With useful information like amenities, cost of living, commute, employment and other key data points, finding the best places to live in Mountain Iron and in the areas around Mountain Iron is a much easier task.
Mountain Iron, MN receives 69/100 for its livability score; this results in a ranking of #280 in Minnesota and #6,786 in the USA. For each of the livability categories, we see that Mountain Iron ranks very well for crime (A+), cost of living (B), employment (B+) and housing (A+). Mountain Iron does not rank well for the following: amenities (F). It might be a good idea to take a closer look at each category to find out why.
When contemplating a move, job prospects often top the list of priorities. In Mountain Iron, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 1.46% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Mountain Iron has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Mountain Iron real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Mountain Iron. Median real estate prices in Mountain Iron come in at $160,700, which is 16.1% lower than the Minnesota average. The home price to income ratio compares the median home prices to the median household income. In Mountain Iron, the home price to income ratio is 2.5, which is 16.7% lower than the Minnesota average.
| Statistic | Mountain Iron | Minnesota | National |
| Average one way commute | 20min | 23min | 26min |
| Workers who drive to work | 86.6% | 78.0% | 76.4% |
| Workers who carpool | 3.4% | 8.7% | 9.3% |
| Workers who take public transit | 1.2% | 3.5% | 5.1% |
| Workers who bicycle | 5.5% | 0.8% | 0.6% |
| Workers who walk | 2.6% | 2.8% | 2.8% |
| Working from home | 0.7% | 5.3% | 4.6% |
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