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Places/MI/Ontonagon
County profile

Ontonagon

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
GDP growth
+2.2%
Jobs tracked
902
Employers
165
Avg. wage
$35.5k
Population
5,823
Labor & formation
Unemployment
8.1%
Median HH income
$54.4k±$5.5k
Business applications
40 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA

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
$140.9M
2019
$133.9M
2020
$151.4M
2021
$158.9M
2022
$165.6M
2023
$169.2M
2024

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
10 (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
107
2016
112
2017
114
2018
124
2019
118
2020
143
2021
166
2022
202
2023
194
2024
186
2025

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 GDP
Adams$169.2MFaulk$169.3MCopper River Census Area$168.9MJohnson$170.7MJerauld$171.8MFlorence$172.0M
The read

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.
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