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Places/MI/Houghton
County profile

Houghton

United States · GDP 2024
#1462 of 3,127 US counties by GDPtop-quartile growthmore diversified than 70% of counties
EA Place Score
——
methodology in progress
GDP 2024 (USD)
$1.6B
GDP growth
+7.0%
Jobs tracked
9,246
Employers
891
Avg. wage
$52.1k
Population
37,842
Labor & formation
Unemployment
5.9%
Median HH income
$58.9k±$3.4k
Business applications
282 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1Keweenaw Financial CorporationFinancial Services$60.1M49D

HQ-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
Health care23%
Retail trade23%
Food & accommodation21%
Manufacturing14%
Professional services9%
Construction9%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
37,842
residents · 2025 · +1.6% since 2020
Income per capita $47.9k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration−115
International migration+780
Natural change−75

GDP trend

2019–2024 · nominal
$1.2B
2019
$1.1B
2020
$1.3B
2021
$1.4B
2022
$1.5B
2023
$1.6B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$159.9k±$7.9k
Median gross rent
$840/mo±$73/mo
Vacancy rate
24.2%±1.8%
Affordability
3.1× wages
Residential permits
170 (4.5/1k pop)
FEMA risk score
24.3
HUD Fair Market Rent (2BR):$973/mo · 2026
TOP PERILS · FEMA NRI
Winter weather 85Cold wave 68Lightning 44
FHFA HOUSE PRICE INDEX · 2016–2025
253
2016
261
2017
279
2018
287
2019
294
2020
328
2021
393
2022
430
2023
494
2024
520
2025
Wage trend
BLS QCEW · 2019–2023
$52.1k
avg. annual pay · +20% since 2019
Similar US counties
nearest by GDP
Caroline$1.6BPickens$1.6BRandolph$1.6BPottawatomie$1.6BMeeker$1.6BMedina$1.6B
The read

Houghton's economy produced $1.6B in 2024, growing 7.0% year over year — faster than most US counties. Its largest employment sector is health care.

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.
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