The median household income in Iron River, MI in 2022 was $47,261, which was 41.7% less than the median annual income of $66,986 across the entire state of Michigan. Compared to the median income of $23,438 in 2000 this represents an increase of 50.4%. The per capita income in 2022 was $26,359, which means an increase of 40.3% compared to 2000 when it was $15,728.
Whole page based on the data from 2000 / 2022 when the population of Iron River, Michigan was 1,929 / 2,988
Income statistics for all residents
Median household income in Iron River, MI in 2022:
Iron River:
$47,261
State:
$66,986
Change in median household income between 2000 and 2022:
Iron River, Michigan:
+101.6%
Michigan:
+50.0%
Number of households with income < $10k:
Iron River:
8.8% (116)
State:
5.7% (231,223)
Number of households with income $10k - 20k:
Iron River:
10.4% (137)
State:
7.5% (306,955)
Number of households with income $20k - 30k:
Iron River:
12.0% (158)
Michigan:
7.9% (324,153)
Number of households with income $30k - 40k:
Iron River:
13.2% (174)
Michigan:
8.3% (341,408)
Number of households with income $40k - 50k:
Iron River:
7.6% (101)
State:
7.9% (322,255)
Number of households with income $50k - 60k:
Iron River:
2.3% (30)
Michigan:
7.5% (305,914)
Number of households with income $60k - 75k:
Iron River:
14.3% (189)
State:
10.1% (414,440)
Number of households with income $75k - 100k:
Iron River:
14.7% (194)
State:
13.2% (538,299)
Number of households with income $100k - 125k:
Iron River:
9.9% (131)
Michigan:
9.7% (396,282)
Number of households with income $125k - 150k:
Iron River:
3.0% (40)
Michigan:
6.7% (273,144)
Number of households with income $150k - 200k:
Iron River:
2.0% (27)
State:
7.5% (305,077)
Number of households with income > $200k:
Iron River:
1.9% (25)
State:
8.1% (330,644)
Aggregate household income in Iron River in 2022: $77,435,503
Median family income in Iron River in 2022:
Iron River:
$67,180
State:
$85,865
Number of families with income < $10k:
Iron River:
8.4% (66)
Michigan:
3.5% (89,010)
Number of families with income $10k - 20k:
Iron River:
1.2% (9)
State:
3.9% (100,567)
Number of families with income $20k - 30k:
Iron River:
8.9% (70)
Michigan:
5.0% (127,320)
Number of families with income $30k - 40k:
Iron River:
11.0% (86)
State:
6.4% (163,565)
Number of families with income $40k - 50k:
Iron River:
4.2% (33)
State:
6.8% (172,384)
Number of families with income $50k - 60k:
Iron River:
3.1% (24)
State:
7.1% (179,870)
Number of families with income $60k - 75k:
Iron River:
21.1% (165)
State:
10.3% (263,723)
Number of families with income $75k - 100k:
Iron River:
17.8% (139)
State:
15.0% (383,364)
Number of families with income $100k - 125k:
Iron River:
13.5% (106)
State:
11.8% (301,751)
Number of families with income $125k - 150k:
Iron River:
5.1% (40)
Michigan:
8.6% (220,338)
Number of families with income $150k - 200k:
Iron River:
2.4% (18)
State:
10.2% (259,462)
Number of families with income > $200k:
Iron River:
3.2% (25)
State:
11.3% (287,206)
Median non-family income in Iron River in 2022:
Iron River:
$28,986
State:
$40,459
Change in median non-family income between 2000 and 2022:
Iron River, Michigan:
+92.2%
State:
+54.5%
Median per capita income in Iron River in 2022:
Iron River:
$26,359
Michigan:
$38,151
Change in median per capita income between 2000 and 2022:
Iron River, Michigan:
+67.6%
State:
+72.1%
Income statistics for White residents
Median household income in Iron River, MI in 2022:
Iron River:
$46,737
Michigan:
$71,609
Change in median household income between 2000 and 2022:
Iron River, Michigan:
+98.0%
State:
+52.9%
Number of households with income < $10k:
Iron River:
8.9% (114)
Michigan:
4.4% (140,440)
Number of households with income $10k - 20k:
Iron River:
10.2% (131)
State:
6.5% (205,547)
Number of households with income $20k - 30k:
Iron River:
12.4% (159)
Michigan:
7.6% (242,254)
Number of households with income $30k - 40k:
Iron River:
13.6% (174)
State:
8.1% (257,175)
Number of households with income $40k - 50k:
Iron River:
7.2% (92)
State:
7.8% (246,839)
Number of households with income $50k - 60k:
Iron River:
2.3% (29)
Michigan:
7.4% (233,723)
Number of households with income $60k - 75k:
Iron River:
14.5% (186)
State:
10.4% (328,664)
Number of households with income $75k - 100k:
Iron River:
14.8% (190)
State:
13.6% (431,867)
Number of households with income $100k - 125k:
Iron River:
9.7% (125)
Michigan:
10.3% (325,164)
Number of households with income $125k - 150k:
Iron River:
3.1% (40)
Michigan:
7.1% (226,232)
Number of households with income $150k - 200k:
Iron River:
1.4% (18)
State:
8.1% (255,445)
Number of households with income > $200k:
Iron River:
1.9% (25)
State:
8.7% (276,727)
Aggregate household income in Iron River in 2022: $73,550,107
Median family income in Iron River in 2022:
Iron River:
$67,237
Michigan:
$90,317
Number of families with income < $10k:
Iron River:
8.5% (64)
Michigan:
2.5% (49,508)
Number of families with income $10k - 20k:
Iron River:
1.2% (9)
State:
3.2% (64,106)
Number of families with income $20k - 30k:
Iron River:
9.6% (72)
State:
4.6% (91,551)
Number of families with income $30k - 40k:
Iron River:
10.3% (78)
State:
5.9% (117,356)
Number of families with income $40k - 50k:
Iron River:
4.2% (32)
Michigan:
6.4% (127,491)
Number of families with income $50k - 60k:
Iron River:
3.1% (23)
State:
6.8% (135,883)
Number of families with income $60k - 75k:
Iron River:
21.2% (161)
State:
10.5% (209,130)
Number of families with income $75k - 100k:
Iron River:
17.9% (136)
Michigan:
15.5% (309,815)
Number of families with income $100k - 125k:
Iron River:
13.3% (101)
State:
12.4% (248,235)
Number of families with income $125k - 150k:
Iron River:
5.1% (39)
State:
9.2% (182,895)
Number of families with income $150k - 200k:
Iron River:
2.4% (18)
State:
11.0% (218,573)
Number of families with income > $200k:
Iron River:
3.3% (25)
State:
12.0% (239,713)
Median non-family income in Iron River in 2022:
Iron River:
$28,286
Michigan:
$42,438
Change in median non-family income between 2000 and 2022:
Iron River, Michigan:
+83.0%
Michigan:
+56.8%
Median per capita income in Iron River in 2022:
Iron River:
$26,993
State:
$41,514
Change in median per capita income between 2000 and 2022:
Iron River, Michigan:
+67.2%
State:
+75.2%
Income statistics for Black or African American residents
Median per capita income in Iron River in 2022:
Iron River:
$11,966
State:
$25,207
Income statistics for Hispanic or Latino residents
Number of households with income < $10k:
Iron River:
0.0% (0)
State:
6.0% (10,028)
Number of households with income $10k - 20k:
Iron River:
0.0% (0)
Michigan:
6.5% (10,959)
Number of households with income $20k - 30k:
Iron River:
0.0% (0)
Michigan:
9.1% (15,369)
Number of households with income $30k - 40k:
Iron River:
0.0% (0)
State:
7.9% (13,373)
Number of households with income $40k - 50k:
Iron River:
0.0% (0)
Michigan:
9.1% (15,369)
Number of households with income $50k - 60k:
Iron River:
0.0% (0)
State:
8.9% (14,990)
Number of households with income $60k - 75k:
Iron River:
45.8% (11)
Michigan:
11.5% (19,325)
Number of households with income $75k - 100k:
Iron River:
0.0% (0)
Michigan:
14.9% (25,158)
Number of households with income $100k - 125k:
Iron River:
12.5% (3)
State:
8.8% (14,758)
Number of households with income $125k - 150k:
Iron River:
0.0% (0)
Michigan:
5.3% (8,915)
Number of households with income $150k - 200k:
Iron River:
41.7% (10)
Michigan:
6.7% (11,249)
Number of households with income > $200k:
Iron River:
0.0% (0)
Michigan:
5.3% (8,978)
Aggregate household income in Iron River in 2022: $2,875,686
Median per capita income in Iron River in 2022:
Iron River:
$31,626
Michigan:
$25,462
Change in median per capita income between 2000 and 2022:
Iron River, Michigan:
+119.1%
Michigan:
+83.3%
Income statistics for American Indian and Alaska Native residents
Aggregate household income in Iron River in 2022: $206,022
Median per capita income in Iron River in 2022:
Iron River:
$16,168
Michigan:
$27,661
Change in median per capita income between 2000 and 2022:
Iron River, Michigan:
+83.4%
State:
+75.7%
Income statistics for Multirace residents
Number of households with income < $10k:
Iron River:
0.0% (0)
State:
6.1% (12,463)
Number of households with income $10k - 20k:
Iron River:
0.0% (0)
State:
8.7% (17,830)
Number of households with income $20k - 30k:
Iron River:
0.0% (0)
State:
7.6% (15,686)
Number of households with income $30k - 40k:
Iron River:
0.0% (0)
State:
9.5% (19,444)
Number of households with income $40k - 50k:
Iron River:
0.0% (0)
State:
7.5% (15,476)
Number of households with income $50k - 60k:
Iron River:
0.0% (0)
State:
8.1% (16,622)
Number of households with income $60k - 75k:
Iron River:
0.0% (0)
Michigan:
10.6% (21,725)
Number of households with income $75k - 100k:
Iron River:
0.0% (0)
State:
14.4% (29,501)
Number of households with income $100k - 125k:
Iron River:
25.0% (4)
State:
8.9% (18,231)
Number of households with income $125k - 150k:
Iron River:
0.0% (0)
State:
5.8% (11,923)
Number of households with income $150k - 200k:
Iron River:
75.0% (12)
State:
6.8% (13,956)
Number of households with income > $200k:
Iron River:
0.0% (0)
State:
6.2% (12,672)
Aggregate household income in Iron River in 2022: $2,025,224
Median per capita income in Iron River in 2022:
Iron River:
$21,506
State:
$26,098
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