Iron River Township, MI is located in Iron County and has a population of approximately 2,746. The Township is known for its picturesque views and friendly atmosphere. According to the rankings from BestPlaces, Iron River Township ranks highly in the categories of Median Home Prices, Cost of Living, Education Ratings and Median Household Income. The median home price in Iron River is $81,200 which is considerably lower than the state average of $126,400. Additionally, the cost of living is 8% lower than the state average making it an affordable area for those looking to purchase a home. Education ratings are also above average with an A grade given by BestPlaces.net and 11th place ranking out of all Michigan school districts for 2018-19 school year academic performance. Lastly, median household income is $45,902 which places it slightly above the state average of $44,809. This combination of factors makes Iron River Township an ideal area to settle down with its affordable prices and high quality education system.
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