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

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D-

22%

Income/capita NAT. AVG.

32%

Household income NAT. AVG.

49%

Unemployment NAT. AVG.

Index	Iron River	Michigan	National
Income per capita	$35,132	$40,534	$44,883
Median household income	$55,570	$74,200	$81,333
Median income owner occupied	$83,616	$92,757	$106,172
Median income renter occupied	$42,701	$42,775	$52,080
Median earnings male	$45,646	$52,653	$54,343
Median earnings female	$37,927	$34,413	$38,439
Unemployment rate	2.5%	5.5%	4.9%
Poverty level	17.5%	16.3%	15.1%

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Homes For Sale In Iron River, MI

Lot G Wildwood Dr

Bates Township, MI

TBD FFR 3110 RD

Iron River, MI

195 Homan Lake Rd

Iron River, MI

104 Sleepy Hollow Rd

Iron River, MI

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 49% 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

$37,042 $55,570 $111,140

City

$49,461 $74,200 $148,400

State

$54,216 $81,333 $162,666

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	341	$65,759	19.1%
Caspian, MI	511	$48,007	41.0%
Alpha, MI	196	$47,139	42.0%
Amasa, MI	249	$42,040	48.3%
Iron River, MI	2,938	$55,570	31.7%

Cities with similar population

City	Population	Household Income	National Avg.
Bald Knob, AR	2,938	$47,060	42.1%
Greensboro, MD	2,938	$59,476	26.9%
Fayetteville, PA	2,938	$80,268	1.3%
West, TX	2,938	$74,222	8.7%
Kilauea, HI	2,937	$119,725	47.2%
Iron River, MI	2,938	$55,570	31.7%

Source: The Iron River, MI employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.