Iron River, MI: Essential Information

The work force participation rateThe work force participation rate in Iron River is 60.7%, with an unemployment rate of 4.1%. For all when you look at the labor force, the typical commute time is 17.1 minutes. 6.4% of Iron River’s population have a masters diploma, and 11.1% have earned a bachelors degree. Among the people without a college degree, 24.9% attended at least some college, 46.9% have a high school diploma, and just 10.7% have an education less than senior high school. 10.6% are not covered by health insurance.

The typical family unit size in Iron River, MI is 2.71 household members, with 61.9% owning their very own domiciles. The average home value is $51744. For those people renting, they pay an average of $477 monthly. 50.2% of families have 2 incomes, and an average domestic income of $34940. Median income is $22167. 16% of citizens are living at or below the poverty line, and 16.9% are considered disabled. 8.8% of citizens are former members associated with the US military.

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