Personal loans in Mountain Iron, MN

A lender serving Mountain Iron holds a Minnesota licence and answers to a Minnesota regulator; no city office is involved for its 2,854 residents. Compare APR, not the interest rate, because the APR folds in most fees on a Mountain Iron loan. A lender that serves Mountain Iron operates under Minnesota lending statutes and a Minnesota supervisor. The next larger city is Virginia, MN about 5 miles away.

What the Census records for Mountain Iron

Only a few things actually differ by place — population, area, location, and the Minnesota rules a lender must follow — and they are below.

• Population: an estimated 2,854 residents, 217th of 853 places in Minnesota (Census Vintage 2023 subcounty estimate).
• Population trend: About 0.7% below the 2020 Census base.
• People gained or lost: about 20 fewer since the 2020 base.
• Size percentile: about 75% of Minnesota communities are smaller than Mountain Iron (2,854 residents).
• Population density: about 42 people per square mile (Census land area 68.1 sq mi).
• By land area: Mountain Iron ranks 4th among Minnesota's 853 places, at 68.1 sq mi.
• Water area: Mountain Iron has 2.79 square miles of water, ranking 27th of 853 places in Minnesota.
• Share of Minnesota: Mountain Iron holds about 0.1% of the state's population, some 2,854 people.
• National rank: Mountain Iron sits 6,429th by population among the 19,457 places in this dataset.
• Growth rank: Mountain Iron's 2020-to-2023 change ranks 417th of 853 places in Minnesota.
• Against the state trend: Mountain Iron's 0.7% change compares with a Minnesota average of +0.1% across its 853 places.
• Density rank: Mountain Iron is the 827th most densely settled place in Minnesota.
• Against the state median: Mountain Iron runs about 42 residents per square mile, where the Minnesota median is 607.
• Location: coordinates 47.5367, -92.6166 (US Census Bureau Gazetteer).
• Nearest larger cities: Virginia (5 mi); Eveleth (5 mi); Chisholm (13 mi); Hibbing (18 mi); Ely (44 mi). Online lenders reach Mountain Iron no matter how far the nearest branch is.
• Smaller communities close by: Kinney (5 mi); Leonidas (5 mi); Gilbert (8 mi), each with its own Census population profile.
• Smaller places within 50 miles: 26 of them.
• At 100 miles: 15 larger Census places fall inside that radius.

How lenders reach Mountain Iron

Mountain Iron is a sparsely settled community of about 2,854 people, with 7 larger places inside a 50-mile radius. Whether Mountain Iron has a local branch or not, a Minnesota-licensed lender can serve its 2,854 people online on the same terms. For a larger market, the closest option is Virginia, MN about 5 miles away.

How Mountain Iron compares across Minnesota

Among Minnesota's 853 places, Mountain Iron sits at 217th for population, a share of roughly 0.1% of the state. For population change between 2020 and 2023, Mountain Iron ranks 417th of 853 in Minnesota (about the 51th percentile). By density, at about 42 people per square mile, it ranks 827th in Minnesota. Within 50 miles sit 26 smaller Census places, alongside the 7 that are larger.

Minnesota consumer-lending rules applied in Mountain Iron

These are Minnesota's sourced lending facts as they reach Mountain Iron's 2,854 residents; the state has no city-level rate rule.

Mountain Iron on the map

The Census Gazetteer records 68.1 square miles of land and 2.79 square miles of water within Mountain Iron. With 2,854 residents, the land area yields roughly 42 people per square mile. The largest place in Minnesota, Minneapolis, lies about 181 miles away. Counting outward 50 miles, 7 larger communities surround Mountain Iron. By land area it ranks 4th of 853 Minnesota places.

What to do before borrowing in Mountain Iron

Complete these steps first when you borrow in Mountain Iron (2,854 residents):

1. Get your credit reports, dispute what is wrong, and only then start shopping.
2. Price the payment first with our personal loan calculator before any lender quotes you.
3. Shop at least three lenders and judge them on APR and total cost.
4. Confirm the Minnesota licence with the regulator named above before committing.
5. If the balances are already a strain, seek nonprofit credit counselling before adding a loan.
6. Read the disclosure for an origination fee and any prepayment penalty before signing.
7. Make sure the new payment leaves room in a budget you already keep.

None of these steps is Mountain Iron-specific: the same Minnesota licensing and disclosure rules reach all 2,854 residents.