In Iron Mountain, Michigan, a large number of people live below the poverty line. There are roughly 3.02k people living in Iron Mountain, MI, and the three largest industries are Manufacturing, Health Care & Social Assistance, and Retail Trade. The highest paying industries in Iron Mountain, MI are Manufacturing, Health Care & Social Assistance, and Transportation & Warehousing - Utilities. The median household income in Iron Mountain, MI is $48,364 and the highest percentage of households earning these wages are in the Manufacturing, Health Care & Social Assistance, and Transportation & Warehousing - Utilities sector.
The median age of residents was 44 years. Twenty-seven percent of the population was under the age of 18, 7.3% was between the ages of 18-24, 21.3% was between 25-44, and 27.8% was 65 years or older. There were no women-only neighborhoods in the city, so there was no gender imbalance. Males outnumbered females, 85.4 to every 100 adults.
In the late 1800s, railroad construction began to bring people to Iron Mountain. In 1876, the Menominee River Railroad Company built a turntable in Quinnesec, a town where the engines could be turned around for the return trip. The railroad line was extended to Iron Mountain in 1880. The railroad was soon expanding and eventually brought a small town to the region. This was the beginning of the city's growth.