County profile
Houghton County, MI
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
BEA · 2024
GDP growth (YoY)
+7.0%
BEA · 2024
Jobs tracked
9,246
Census CBP · 2023
Employers
891
Census CBP · 2023
Avg. wage
$52.1k
BLS QCEW · 2023
Population
37,842
Census PEP · 2025
Labor, income & education
Unemployment
5.5%
Median HH income
$58.9k±$3.4k
Bachelor's degree+
37.2%±2.5%
Poverty rate
16.5%±1.5%
Business applications
282 · 2025
Retail establishments
140
37.1/10k pop
Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
1Keweenaw Financial CorporationFinancial Services$60.1M49DHQ-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
$1.2B2019
$1.1B2020
$1.3B2021
$1.4B2022
$1.5B2023
$1.6B2024
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
$39.7M
170 units · 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
2532016
2612017
2792018
2872019
2942020
3282021
3932022
4302023
4942024
5202025
RESIDENTIAL PERMITS · 2021–2025
↑ 1% since 20211692021
1102022
1182023
1112024
1702025
Transport access
BTS · FAA · USACE
Nearest interstate
233.9 km
I-39
Nearest freight rail
20.1 km
Freight rail
Nearest port
26.2 km
MATTILA ROCK & DOCK LLC
Nearest commercial airport
33.7 km
HOUGHTON COUNTY MEML
Wage trend
BLS QCEW · 2019–2023$52.1k
avg. annual pay · +20% since 2019
Similar US counties
nearest by GDPNearby & same-state counties
by GDP rankThe read
What is the GDP of Houghton?
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.