County profile
Ontonagon County, MI
United States · GDP 2024
#2947 of 3,127 US counties by GDP31st-percentile growthmore diversified than 24% of counties
EA Place Score
——methodology in progress
GDP 2024 (USD)
$169.2M
BEA · 2024
GDP growth (YoY)
+2.2%
BEA · 2024
Jobs tracked
902
Census CBP · 2023
Employers
165
Census CBP · 2023
Avg. wage
$35.5k
BLS QCEW · 2023
Population
5,823
Census PEP · 2025
Labor, income & education
Unemployment
6.3%
Median HH income
$54.4k±$5.5k
Bachelor's degree+
18.4%±2.2%
Poverty rate
12.5%±2.7%
Business applications
40 · 2025
Retail establishments
30
51.1/10k 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 trade36%
Food & accommodation25%
Health care19%
Construction7%
Finance & insurance7%
Other services6%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
5,823
residents · 2025 · +0.4% since 2020
Income per capita $51.7k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+407
International migration+6
Natural change−387
GDP trend
2019–2024 · nominal
$140.9M2019
$133.9M2020
$151.4M2021
$158.9M2022
$165.6M2023
$169.2M2024
Real estate & risk
FHFA · ACS · FEMA
Median home value
$111.7k±$5.0k
Median gross rent
$540/mo±$68/mo
Vacancy rate
39.9%±2.0%
Affordability
3.1× wages
Residential permits
$1.7M
10 units · 1.7/1k pop
FEMA risk score
4.2
HUD Fair Market Rent (2BR):$973/mo · 2026
TOP PERILS · FEMA NRI
Winter weather 58Cold wave 46Wildfire 32
FHFA HOUSE PRICE INDEX · 2016–2025
1072016
1122017
1142018
1242019
1182020
1432021
1662022
2022023
1942024
1862025
RESIDENTIAL PERMITS · 2021–2025
↑ 11% since 202192021
92022
112023
162024
102025
Transport access
BTS · FAA · USACE
Nearest interstate
198.1 km
I-39
Nearest freight rail
11.4 km
ELS
Nearest port
23.4 km
LAKE SHORE SYSTEMS INC ONTONAGON HARBOR MI
Nearest commercial airport
64.3 km
GOGEBIC/IRON COUNTY
Wage trend
BLS QCEW · 2019–2023$35.5k
avg. annual pay · +13% since 2019
Similar US counties
nearest by GDPThe read
What is the GDP of Ontonagon?
Ontonagon's economy produced $169.2M in 2024, growing 2.2% year over year — slower than 69% of 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.