Iosco County, Michigan
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Iosco County Compares
Detailed Income Statistics
Income Advisory: Iosco County
Income Verdict
Iosco County has a median household income of $47,777 and per capita income of $29,934 — a gap of $17,843, suggesting a higher share of single-earner or non-family households.
Housing Affordability
With median gross rent at $659/month and a median household income of $47,777, rent consumes approximately 16.6% of monthly income — well within affordable thresholds.
Economic Context
With a median household income of $47,777, residents of Iosco County likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $29,934 suggests below-average individual earnings, which may reflect local employment mix or industrial composition.
Neighbor Context
Iosco County earns approximately 25.7% below the Michigan state median household income of $64,304.
Data Story
About Household Income in Iosco County, Michigan
Iosco faces significant income gap
Iosco County's median household income of $47,777 trails the national median of $74,755 by nearly $27,000—a substantial 36% shortfall. This gap places Iosco among the nation's lower-earning counties.
Iosco is Michigan's income laggard
At $47,777, Iosco's median household income ranks among the lowest in Michigan, falling $16,527 below the state average of $64,304. The county faces persistent economic challenges that depress household earning power compared to peer counties.
Iosco significantly trails all nearby counties
Iosco's $47,777 income lags every neighboring county in the sample, from Ingham ($64,354) to Iron County ($53,614) and Kalkaska ($60,365). The county's economic isolation results in wages substantially below even its most economically challenged neighbors.
Rents strain tight household budgets
Despite a 16.6% rent-to-income ratio that appears manageable, Iosco's low median income of $47,777 means rental households have limited discretionary income for other essentials. Home values of $122,900 remain accessible but stretch already-tight budgets further.
Emergency funds first, then investing
Iosco households should prioritize building 3–6 months of emergency savings before pursuing aggressive investments, given lower income stability. Once emergency reserves are solid, even small regular contributions to retirement accounts compound meaningfully over decades.
Frequently Asked Questions
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Income Comparison Calculator
See how your household income compares in Iosco County
Your income is above the Iosco County median
County median: $47,777 per year
vs. County Median
+0%
vs. State Average
-26%
vs. National Median
-36%
Income Adequacy
Your monthly income ($3,981) vs. median rent ($659/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.