County profile
Iron County, MI
United States · GDP 2024
#2518 of 3,127 US counties by GDP47th-percentile growthmore diversified than 80% of counties
EA Place Score
——methodology in progress
GDP 2024 (USD)
$419.5M
BEA · 2024
GDP growth (YoY)
+4.2%
BEA · 2024
Jobs tracked
2,475
Census CBP · 2023
Employers
358
Census CBP · 2023
Avg. wage
$43.5k
BLS QCEW · 2023
Population
11,757
Census PEP · 2025
Labor, income & education
Unemployment
6.0%
Median HH income
$55.9k±$3.0k
Bachelor's degree+
22.5%±1.9%
Poverty rate
17.0%±2.5%
Business applications
121 · 2025
Retail establishments
54
45.9/10k pop
Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
No public companies loaded for this state yet — universe expands with the full ingest.
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
Retail trade26%
Manufacturing23%
Health care19%
Food & accommodation15%
Construction8%
Professional services8%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
11,757
residents · 2025 · +1.1% since 2020
Income per capita $53.5k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+680
International migration+32
Natural change−589
GDP trend
2019–2024 · nominal
$362.9M2019
$335.8M2020
$367.2M2021
$392.1M2022
$402.7M2023
$419.5M2024
Real estate & risk
FHFA · ACS · FEMA
Median home value
$109.1k±$6.8k
Median gross rent
$716/mo±$114/mo
Vacancy rate
39.4%±2.1%
Affordability
2.5× wages
Residential permits
$9.5M
161 units · 13.7/1k pop
FEMA risk score
55.1
HUD Fair Market Rent (2BR):$1.1k/mo · 2026
TOP PERILS · FEMA NRI
Cold wave 96Hail 75Winter weather 47
FHFA HOUSE PRICE INDEX · 2016–2025
2052016
2152017
2102018
2242019
2182020
2422021
2852022
3412023
3382024
3842025
RESIDENTIAL PERMITS · 2021–2025
↑ 3% since 20211572021
1522022
1482023
1562024
1612025
Transport access
BTS · FAA · USACE
Nearest interstate
169.1 km
I-39
Nearest freight rail
6.6 km
ELS
Nearest port
94.4 km
MARQUETTE BOARD OF LIGHT & POWER SHIRAS STEAM PLANT
Nearest commercial airport
54.0 km
FORD
Wage trend
BLS QCEW · 2019–2023$43.5k
avg. annual pay · +15% since 2019
Similar US counties
nearest by GDPNearby & same-state counties
by GDP rankThe read
What is the GDP of Iron?
Iron's economy produced $419.5M in 2024, growing 4.2% year over year — about the middle of the pack among US counties. Its largest employment sector is retail trade.
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.