Market Population Trends

Employment Type

Age Grouping

Ethnicity Mix 2018

Fertility Rate

44 estimated births

Household Characteristics

Median Age over Time

Households with Children by Age

Median Household Income

Educational Attainment

Unemployment Rate

Type of Housing

Housing Values

Median mortgage payment for 2018: $1,192

Average Rent as Percentage of Gross Income

Median rent for 2018: $510

Average Commute

Primary Transportation

Gender Mix

Field of Employment

Estimated Consumer Expenditures

Category
Estimated Annual Spend (in 000's)
Food $6,601
--Home Prepared Food $3,720
--Restaurant/Takeaway Food $2,882
Alcoholic Beverages $485
Housing $16,733
--Rent/Mortgage/Upkeep/Taxes $9,784
--Utilities $3,373
--Operations $1,271
--Supplies $622
--Furnishings $1,690
Apparel $1,552
--Men & Boys $347
--Women & Girls $629
--Children < 2 $7
--Footwear $327
Transportation $8,127
--New Vehicles $1,519
--Used Vehicles $1,736
--Fuel $1,755
--Insurance $812
--Public Transit $681
Healthcare $4,139
Entertainment $2,685
--Pets $550
--Toys $131
Personal Care Products $642
Books & Literature $92
Education $1,172
Tobacco Products $288
Miscellaneous $825
Retirement $1,572
Non-health Insurance $6,078
Total Expenditures $50,991

Selected Population Data

Period Geography Population
2014 Mountain Iron city, Minnesota 2,874
2015 Mountain Iron city, Minnesota 2,873
2016 Mountain Iron city, Minnesota 2,879
2017 Mountain Iron city, Minnesota 2,875
2018 Mountain Iron city, Minnesota 2,852