Gogebic County, Michigan
Income Data
At a Glance
How Gogebic County Compares
Detailed Income Statistics
Data Story
About Household Income in Gogebic County, Michigan
Gogebic County faces a steep income gap
Gogebic County's median household income of $49,672 falls about $25,000 below the national median of $74,755—a striking 33.5% gap. This ranks among the lowest-earning counties in the nation.
Gogebic lags all Michigan counties significantly
At $49,672, Gogebic's median household income ranks among the lowest statewide, falling $14,600 short of Michigan's state average of $64,304. The per capita income of $34,085 also sits below the state average of $35,451.
Gogebic's income lowest among peer counties
Gogebic's $49,672 median household income trails every comparable county in the dataset, including Houghton ($56,573), Gladwin ($55,576), and Huron ($56,963). The county faces distinct economic headwinds relative to its regional peers.
Affordable housing offsets lower earnings
Gogebic's 13.9% rent-to-income ratio is among the nation's best, and the median home value of just $99,700 makes homeownership highly accessible. These favorable housing costs provide critical financial breathing room for lower-income households.
Low housing costs create savings opportunities
With housing consuming less than 14% of median income, Gogebic residents at $49,672 have substantial room to save beyond rent and mortgages. Building an emergency fund and exploring low-cost investment vehicles helps households work toward greater financial stability.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Gogebic County median
County median: $49,672 per year
vs. County Median
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vs. State Average
-23%
vs. National Median
-34%
Income Adequacy
Your monthly income ($4,139) vs. median rent ($577/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.