IncomeBy County

Iron County, Michigan

Income Data

U.S. Census Bureau ACS
-17% vs. Michigan average
$53,614
Median Household Income
$33,488
Per Capita Income

At a Glance

Median Household Income
$53,614
-17% vs. state avg
Per Capita Income
$33,488
-15% vs. national
Income-to-Housing Ratio
52.8%
income as % of home value
Rank in Michigan
#73 / 83
by median household income

Economic Indicators

Unemployment Rate
N/A
Labor Force Participation
N/A

How Iron County Compares

Iron County$53,614
Michigan Average$64,304
National Median$74,755

Detailed Income Statistics

$53,614
Median Household Income
$33,488
Per Capita Income
$101,500
Median Home Value
52.8%
Income-to-Housing Ratio

Income Advisory: Iron County

Income Verdict

Iron County has a median household income of $53,614 and per capita income of $33,488 — a gap of $20,126, suggesting a higher share of single-earner or non-family households.

Housing Affordability

With median gross rent at $510/month and a median household income of $53,614, rent consumes approximately 11.4% of monthly income — well within affordable thresholds.

Economic Context

With a median household income of $53,614, residents of Iron County likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $33,488 is in line with national norms for individual earners.

Neighbor Context

Iron County earns approximately 16.6% below the Michigan state median household income of $64,304.

Data Story

About Household Income in Iron County, Michigan

Iron County income well below national norm

Iron County's median household income of $53,614 falls $21,141 short of the national median of $74,755, representing a 28% earnings gap. The county ranks among lower-income regions nationally.

Iron ranks low among Michigan counties

At $53,614, Iron County's median household income trails Michigan's state average of $64,304 by over $10,600. The county faces economic headwinds that suppress household earnings relative to the state as a whole.

Iron outpaces only Iosco nearby

Iron County's $53,614 income beats Iosco County ($47,777) but falls short of Ingham ($64,354), Kalkaska ($60,365), and Jackson ($65,004). The county occupies the middle-to-lower tier of surrounding regions.

Excellent housing affordability

Iron County delivers the strongest housing affordability in this county sample: a 11.4% rent-to-income ratio and median home values of just $101,500. These favorable housing costs provide a crucial budget cushion for households earning below state average.

Leverage low housing costs for savings

Iron County residents benefit from some of Michigan's lowest housing expenses, freeing up 15–20% of household income compared to pricier counties. Direct these housing savings into tax-advantaged retirement accounts and diversified investments for long-term wealth accumulation.

Frequently Asked Questions

What is the median household income in Iron County, Michigan?
The median household income in Iron County, Michigan is $53,614, 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 Iron County?
The per capita income in Iron County is $33,488, 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 $53,614.
How does Iron County compare to the Michigan average?
Iron County's median household income of $53,614 is lower than the Michigan state average of $64,304. The per capita income is $33,488, compared to the state average of $35,451.
What is the per capita income in Iron County, Michigan?
The per capita income in Iron County, Michigan is $33,488, 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 Iron County a low-income area in Michigan?
Iron County's median household income of $53,614 is below the Michigan average of $64,304. The per capita income of $33,488 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 Iron County rank for income in Michigan?
Iron County ranks #73 out of 83 counties in Michigan by median household income (1 = highest). With a median household income of $53,614 and per capita income of $33,488, it falls in the bottom third of counties statewide.

Income Comparison Calculator

See how your household income compares in Iron County

$
1.00x

Your income is above the Iron County median

County median: $53,614 per year

vs. County Median

+0%

vs. State Average

-17%

vs. National Median

-28%

vs. Iron County MedianAbout equal
vs. Michigan Average▼ 17% below
vs. National Median▼ 28% below

Income Adequacy

Monthly income covers median rent8.8x

Your monthly income ($4,468) vs. median rent ($510/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

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

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