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, Minnesota is a small-sized city with a population of 2,918 people. In Mountain Iron, there are 43 people per square mile, which is about average when compared to the national population density average. The majority of Mountain Iron residents report their race to be White; this is followed by Asian and American Indian and Alaskan. The Mountain Iron population appears to be aging at a faster rate than normal. The median age is currently 49, which is on the high side when compared to most other cities. 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.
Living in Mountain Iron can be a good experience for anyone relocating to the city. Having said that, in the state of Minnesota, there are many incredible places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. Using the livability score which includes data from categories like amenities, crime, cost of living, commute, education, you can easily compare the best places to live in Mountain Iron and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Mountain Iron to Minnesota and the national average.
Mountain Iron, MN receives 71 out of 100 for its livability score; this results in a ranking of #275 in Minnesota and #6,570 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 (A-) and housing (A+). On a more negative note, Mountain Iron does not have favorable scores for the following: amenities (F). If we take a look at the data, we can find out why.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Mountain Iron, the unemployment rate stands at 1.5%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Mountain Iron apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Mountain Iron is actually affordable. The median home price for Mountain Iron homes is $282,714, which is 16.6% lower than the Minnesota average. If we take a closer look at the affordability of homes in Mountain Iron, we’ll see that the home price to income ratio is 2.9, which is 21.6% 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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