Crossword Genius

In Yorkshire, where there's little money in wrought iron (5)

Ross

I believe the answer is:

ripon

I'm a little stuck... Click here to teach me more about this clue!

'in yorkshire where' is the definition.
I can't judge whether this definition defines the answer.

'little money in wrought iron' is the wordplay.
'little money' becomes 'p' (pence).
'in' means one lot of letters goes inside another.
'wrought' indicates an anagram (I've seen this in other clues).
'iron' is an anagram of 'rion'.
'p' put inside 'rion' is 'RIPON'.

'there's' acts as a link.

Can you help me to learn more?

(Other definitions for ripon that I've seen before include "North Yorkshire cathedral city" , "N. Yorks market town" , "N. Yorks city" , "Town in N. Yorkshire" , "northern town" .)

I've seen this clue in the Evening Standard.
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