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

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F

22%

Income/capita NAT. AVG.

32%

Household income NAT. AVG.

48%

Unemployment NAT. AVG.

Index	Iron River	Michigan	National
Income per capita	$23,184	$27,549	$29,829
Median household income	$37,452	$50,803	$55,322
Median income owner occupied	$55,192	$62,251	$70,586
Median income renter occupied	$28,594	$28,598	$35,192
Median earnings male	$30,568	$35,730	$36,919
Median earnings female	$25,612	$22,948	$26,250
Unemployment rate	2.4%	5.2%	4.7%
Poverty level	17.5%	16.3%	15.1%

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Key findings

The income per capita in Iron River is 22% lower than the national average
The median household income in Iron River is 32% lower than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Iron River is 48% lower than the national average
The poverty level in Iron River is 16% higher than the national average

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am i middle class

$24,965 $37,452 $74,904

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.

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Iron River median earnings by income bracket

Iron River employment by industry

Labour Type	Male	Female
Construction industry	13.4%	13.4%
Manufacturing sector	6.8%	6.8%
Financial & insurance services	0.0%	0.0%
Wholesale & retail services	28.5%	28.5%
Public administration	3.5%	3.5%
Transportation, warehousing & utilities	4.7%	4.7%
Education, health & social services	6.0%	6.0%
Other	28.4%	28.4%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Gaastra, MI	330	$44,167	20.2%
Caspian, MI	491	$32,813	40.7%
Alpha, MI	192	$31,458	43.1%
Amasa, MI	242	$28,250	48.9%
Iron River, MI	2,831	$37,452	32.3%

Cities with similar population

City	Population	Household Income	National Avg.
Norwood, NC	2,831	$51,088	7.7%
South Rosemary, NC	2,831	$27,962	49.5%
Meadow Oaks, FL	2,830	$38,438	30.5%
Yanceyville, NC	2,830	$22,892	58.6%
North Catasauqua, PA	2,830	$67,946	22.8%
Iron River, MI	2,831	$37,452	32.3%

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