Iron River employment information

IndexIron RiverMichiganNational
Income per capita$18,192$27,549$29,829
Median household income$24,870$50,803$55,322
Median income owner occupied$30,529$62,251$70,586
Median income renter occupied$13,958$28,598$35,192
Median earnings male$23,281$35,730$36,919
Median earnings female$17,780$22,948$26,250
Unemployment rate5.6%5.2%4.7%
Poverty level30.2%16.3%15.1%
The Iron River, MI employment information can be a key indicator when searching for a new job. A good indicator of the strength of the job market is the income per capita and the median household income. The income per capita in Iron River is $18,192, which is 34% lower than than the Michigan average and 39% lower than than the national average. The median household income is $24,870, which is 51% lower than than the Michigan average and 55% lower than than the national average. The unemployment rate in Iron River is 6%, which is 20% higher than than the national average. The poverty rate in Iron River is 30% which is 100% higher than than the national average.

am i middle class

$Input your household income
$16,578$24,870$49,740
City
$33,865$50,803$101,606
State
$36,877$55,322$110,644
Nation
According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

Did you know?

  • The income per capita in Iron River is 39% lower than the national average.
  • The median household income in Iron River is 55% lower than the national average.
  • Male median earnings are 41% higher than female median earnings.
  • The unemployment rate in Iron River is 20% higher than the national average.
  • The poverty level in Iron River is 100% higher than the national average.

Find Real Estate Listings In Iron River

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Iron River

Compare Iron River, MI Employment To Other Cities

Employment status

Hours worked per week

Iron River median earnings by income bracket

Iron River employment by industry

Labour TypeMaleFemale
Construction industry20.1%1.5%
Manufacturing sector11.8%1.1%
Financial & insurance services0.0%3.5%
Wholesale & retail services12.6%26.1%
Public administration6.1%7.6%
Transportation, warehousing & utilities3.9%4.1%
Education, health & social services2.4%32.0%
Other29.0%17.0%

Nearby cities with high median household income

City, StatePopulationHousehold IncomeNational Avg.
Amasa, MI289$33,47239%
Gaastra, MI355$32,08342%
Alpha, MI175$28,61148%
Caspian, MI648$22,60959%
Iron River, MI2,911$24,87055%

Cities with similar population

City, StatePopulationHousehold IncomeNational Avg.
Minden, NE2,911$48,37013%
Rochester, WA2,912$75,69937%
Malakoff, TX2,912$25,19254%
Castroville, TX2,910$59,0387%
Brownville, NJ2,912$98,75079%
Iron River, MI2,911$24,87055%
Source: The Iron River, MI employment data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).