Economy & Jobs — Iron River, Michigan
Income & Employment
| Median Household Income (Census) | $54,183 |
|---|
| Estimated 2026 | ~$55,600 |
|---|
| Per Capita Income | $26,197 |
|---|
| Poverty Rate | 20.6% |
|---|
| Unemployment Rate | 4.7% |
|---|
| In Labor Force | 1,434 |
|---|
Top Industries
| Industry | Share |
|---|
| Education Healthcare | 16.1% |
| Manufacturing | 15.4% |
| Retail | 15.1% |
Local Businesses (County)
| Type | Count |
|---|
| Full Service Restaurants | 15 |
| Insurance Agencies | 12 |
| Law Offices | 9 |
| Gas Stations | 7 |
| General Merchandise | 7 |
| Real Estate Offices | 7 |
| Physician Offices | 7 |
| Fast Food | 6 |
| Auto Repair | 5 |
| Child Day Care | 5 |
| Hotels Motels | 5 |
| Bars | 5 |
| Commercial Banks | 4 |
| Grocery Stores | 3 |
| Accounting Firms | 3 |
Sources: Census ACS 5-Year 2023; BLS QCEW 2023; Census ACS 5-Year 2023, B19013.
