▁income ▁for ▁a ▁household ▁in ▁the ▁town ▁was ▁$ 4 5 , 2 7 6 , ▁and ▁the ▁median ▁income ▁for ▁a ▁family ▁was ▁$ 5 5 , 4 9 3 . ▁M ales ▁had ▁a ▁median ▁income ▁of ▁$ 4 1 , 4 6 3 ▁versus ▁$ 3 0 , 9 3 7 ▁for ▁females . ▁The ▁per ▁cap ita ▁income ▁for ▁the ▁town ▁was ▁$ 2 3 , 6 3 8 . ▁About ▁ 3 . 8 % ▁of ▁families ▁and ▁ 5 . 4 % ▁of ▁the ▁population ▁were ▁below ▁the ▁pover ty ▁line , ▁including ▁ 6 . 6 % ▁of ▁those ▁under ▁age ▁ 1 8 ▁and ▁ 6 . 8 % ▁of ▁those ▁age ▁ 6 5 ▁or ▁over . ▁ ▁Government ▁ ▁The ▁town ▁is ▁govern ed ▁by ▁a ▁town ▁board ▁consisting ▁of ▁a ▁super visor ▁and ▁four ▁board ▁members , ▁all ▁elected ▁by ▁registered ▁town ▁vot ers . ▁The ▁Super visor , ▁currently ▁David ▁See ley , ▁serves ▁a ▁two - year ▁term . ▁Board ▁members ▁represent ▁the ▁entire ▁town ▁and ▁serve ▁a ▁four - year ▁terms . ▁ ▁At ▁present , ▁the ▁entire ▁Town ▁Board , ▁including ▁the ▁Super visor , ▁is ▁made ▁up ▁of ▁members ▁of ▁the ▁Democratic ▁Party . ▁ ▁Iron de qu oit ▁is ▁known ▁for ▁its ▁colonial - style ▁Town ▁Hall , ▁built ▁in ▁ 1 9 5 1 . ▁It ▁was ▁completed ▁with ▁funds ▁that ▁had ▁been ▁previously ▁set ▁aside ▁for ▁two ▁dec ades . ▁It ▁was ▁listed ▁on