Iosco County, Michigan

Income Data

-26% vs. Michigan average
$47,777
Median Household Income
$29,934
Per Capita Income

At a Glance

Median Household Income
$47,777
-26% vs. state avg
Per Capita Income
$29,934
-24% vs. national
Income-to-Housing Ratio
38.9%
income as % of home value
Rank in Michigan
#83 / 83
by median household income

How Iosco County Compares

Iosco County$47,777
Michigan Average$64,304
National Median$74,755

Detailed Income Statistics

$47,777
Median Household Income
$29,934
Per Capita Income
$122,900
Median Home Value
38.9%
Income-to-Housing Ratio

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

What is the median household income in Iosco County, Michigan?
The median household income in Iosco County, Michigan is $47,777, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Iosco County?
The per capita income in Iosco County is $29,934, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $47,777.
How does Iosco County compare to the Michigan average?
Iosco County's median household income of $47,777 is lower than the Michigan state average of $64,304. The per capita income is $29,934, compared to the state average of $35,451.
What is the per capita income in Iosco County, Michigan?
The per capita income in Iosco County, Michigan is $29,934, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Is Iosco County a low-income area in Michigan?
Iosco County's median household income of $47,777 is below the Michigan average of $64,304. The per capita income of $29,934 is also lower than the state average of $35,451. Lower incomes can reflect the local economic base, rural vs. urban location, and employment opportunities available in the area.
How does Iosco County rank for income in Michigan?
Iosco County ranks #83 out of 83 counties in Michigan by median household income (1 = highest). With a median household income of $47,777 and per capita income of $29,934, it falls in the bottom third of counties statewide.

Income Comparison Calculator

See how your household income compares in Iosco County

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Your income is above the Iosco County median

County median: $47,777 per year

vs. County Median

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vs. State Average

-26%

vs. National Median

-36%

vs. Iosco County MedianAbout equal
vs. Michigan Average26% below
vs. National Median36% below

Income Adequacy

Monthly income covers median rent6.0x

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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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.