Iron Mountain, MI Employment - Median Household Income, Unemployment Rate

Iron Mountain employment information

Index	Iron Mountain	Michigan	National
Income per capita	$21,869	$27,549	$29,829
Median household income	$37,729	$50,803	$55,322
Median income owner occupied	$42,232	$62,251	$70,586
Median income renter occupied	$29,032	$28,598	$35,192
Median earnings male	$34,152	$35,730	$36,919
Median earnings female	$17,243	$22,948	$26,250
Unemployment rate	2.7%	5.2%	4.7%
Poverty level	17.4%	16.3%	15.1%

The Iron Mountain, 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 Mountain is $21,869, which is 21% lower than than the Michigan average and 27% lower than than the national average. The median household income is $37,729, which is 26% lower than than the Michigan average and 32% lower than than the national average. The unemployment rate in Iron Mountain is 3%, which is 42% lower than than the national average. The poverty rate in Iron Mountain is 17% which is 15% higher than than the national average.

am i middle class

$25,150$37,729$75,458

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 Mountain is 27% lower than the national average.
The median household income in Iron Mountain is 32% lower than the national average.
Male median earnings are 41% higher than female median earnings.
The unemployment rate in Iron Mountain is 42% lower than the national average.
The poverty level in Iron Mountain is 15% higher than the national average.

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Compare Iron Mountain, MI Employment To Other Cities

Employment status

Hours worked per week

Iron Mountain median earnings by income bracket

Iron Mountain employment by industry

Labour Type	Male	Female
Construction industry	6.5%	0.5%
Manufacturing sector	36.3%	2.9%
Financial & insurance services	2.6%	0.0%
Wholesale & retail services	11.1%	19.6%
Public administration	1.5%	2.2%
Transportation, warehousing & utilities	6.2%	0.0%
Education, health & social services	14.5%	45.1%
Other	18.9%	22.9%

Nearby cities with high median household income

City, State	Population	Household Income	National Avg.
Quinnesec, MI	1,034	$59,340	7%
Pembine, WI	174	$50,833	8%
Dunbar, WI	125	$41,607	25%
Norway, MI	2,809	$41,162	26%
Kingsford, MI	5,086	$39,799	28%
Iron Mountain, MI	7,535	$37,729	32%

Cities with similar population

City, State	Population	Household Income	National Avg.
Winsted, CT	7,535	$50,295	9%
New Prague, MN	7,534	$72,052	30%
Duvall, WA	7,534	$125,123	126%
Page, AZ	7,532	$59,850	8%
Raritan, NJ	7,539	$72,981	32%
Iron Mountain, MI	7,535	$37,729	32%

Source: The Iron Mountain, MI employment data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).