County profile
Hillsdale County, MI
United States · GDP 2024
#1200 of 3,127 US counties by GDP30th-percentile growthmore diversified than 23% of counties
EA Place Score
——methodology in progress
GDP 2024 (USD)
$2.2B
BEA · 2024
GDP growth (YoY)
+2.0%
BEA · 2024
Jobs tracked
10,861
Census CBP · 2023
Employers
776
Census CBP · 2023
Avg. wage
$50.8k
BLS QCEW · 2023
Population
45,738
Census PEP · 2025
Labor, income & education
Unemployment
4.7%
Median HH income
$64.2k±$2.7k
Bachelor's degree+
21.2%±1.4%
Poverty rate
14.4%±1.7%
Business applications
382 · 2025
Retail establishments
124
27.1/10k pop
Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
1CNB Community Bancorp, Inc.Financial Services$78.5M50DHQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).
Industry mix · employment
Manufacturing42%
Retail trade17%
Health care15%
Food & accommodation11%
Education10%
Admin & support5%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
45,738
residents · 2025 · -0.0% since 2020
Income per capita $46.8k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+361
International migration+118
Natural change−482
GDP trend
2019–2024 · nominal
$1.6B2019
$1.6B2020
$1.9B2021
$2.0B2022
$2.2B2023
$2.2B2024
Real estate & risk
FHFA · ACS · FEMA
Median home value
$176.1k±$5.5k
Median gross rent
$832/mo±$27/mo
Vacancy rate
17.0%±1.3%
Affordability
3.5× wages
Residential permits
$29.7M
99 units · 2.2/1k pop
FEMA risk score
50.0
HUD Fair Market Rent (2BR):$1.0k/mo · 2026
TOP PERILS · FEMA NRI
Tornado 79Lightning 75Hail 73
FHFA HOUSE PRICE INDEX · 2016–2025
2532016
2672017
2862018
2982019
3152020
3522021
4002022
4332023
4732024
5062025
RESIDENTIAL PERMITS · 2021–2025
↑ 43% since 2021692021
562022
882023
722024
992025
Transport access
BTS · FAA · USACE
Nearest interstate
30.0 km
I-80
Nearest freight rail
4.7 km
IN
Nearest port
91.1 km
Monroe, MI
Nearest commercial airport
73.3 km
EUGENE F KRANZ TOLEDO EXPRESS
Wage trend
BLS QCEW · 2019–2023$50.8k
avg. annual pay · +14% since 2019
Similar US counties
nearest by GDPNearby & same-state counties
by GDP rankThe read
What is the GDP of Hillsdale?
Hillsdale's economy produced $2.2B in 2024, growing 2.0% year over year — slower than 70% of US counties. Its largest employment sector is manufacturing.
GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.