Ironwood, Michigan Income

Ironwood, Michigan has a population of 5,000, with a median household income of $68,200.

Current income data for Ironwood.

5,000

👥

Population

5,000

💰

Median Income

$68,200

📉

Unemployment

5.10%

🏠

Housing Price

$266,000

🚨

Crime Rate

4.70

🌐

Internet Speed

202.00 Mbps

Ironwood is a small local community located in Michigan. The city has a population that is below the average city population in Michigan, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in Michigan, Ironwood provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Ironwood has a population of 5,000, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Ironwood is $68,200, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Ironwood average around $266,000, which is relatively high compared to other cities in Michigan.

Employment and Safety

The unemployment rate in Ironwood is 5.10%, which is lower than the state average, indicating a relatively strong job market. Ironwood has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Michigan, Ironwood shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

As part of Michigan, Ironwood contributes to the broader economic and social landscape, offering insights into regional development.

Frequently Asked Questions about Ironwood

What is the population of Ironwood?

The population of Ironwood is approximately 5,000.

Is Ironwood a good place to live?

Ironwood offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Ironwood?

The median household income in Ironwood is around $68,200.

How expensive is housing in Ironwood?

The average housing price in Ironwood is approximately $266,000.