Iron County, Wisconsin
Income Data
At a Glance
How Iron County Compares
Detailed Income Statistics
Data Story
About Household Income in Iron County, Wisconsin
Iron County trails national average
Iron County's median household income of $59,058 falls 21% below the national median of $74,755. The gap signals economic pressures that affect household budgeting and wealth-building capacity.
Below-average earner in Wisconsin
Iron County ranks among the lower-income Wisconsin counties, with median household income 17.7% below the state average of $71,715. Few state counties earn substantially less.
Lowest income in regional comparison
Iron County households earn $6,450 less than Jackson County ($65,508) and $6,092 less than Juneau County ($65,150). The regional income disadvantage reflects limited employment diversity and outmigration of younger workers.
Affordable housing relative to income
Iron County's 13.0% rent-to-income ratio is among the state's lowest, showing housing remains accessible despite modest earnings. However, the median home value of $155,200 still requires substantial effort to afford on $59,058 household income.
Prioritize emergency savings first
With limited income, Iron County households should focus on building 3-6 months of emergency savings before investing long-term. Even small, consistent contributions to tax-advantaged savings accounts compound over time and create financial security.
Frequently Asked Questions
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Income Comparison Calculator
See how your household income compares in Iron County
Your income is above the Iron County median
County median: $59,058 per year
vs. County Median
+0%
vs. State Average
-18%
vs. National Median
-21%
Income Adequacy
Your monthly income ($4,922) vs. median rent ($640/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.