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Iron River, WI
Full City Profile · Wisconsin · Bayfield County County
3.2
/5.0
B
Good
752
Population
120/sq mi density
$55,294
Median Income
$35,067 per capita
$152,100
Home Value
$286,844 Zillow
$653
Median Rent
22.8% income on rent
41°F
Avg Temperature
253 sunny days/yr
88
Violent Crime/100K
1,057 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$55,294 median income, 1.1% unemployment
A+
Affordability
5.0 / 5.0
$152,100 home value, $653/mo rent
F
Safety
1.0 / 5.0
88 violent crimes/100K
C+
Education
3.0 / 5.0
24.8% bachelor's degree or higher
Income Overview
Median Household Income
$55,294
26% below
US avg: $75,149
Per Capita Income
$35,067
10% below
US avg: $39,052
Unemployment Rate
1.1%
69% below
US avg: 3.6%
Poverty Rate
8.1%
35% below
US avg: 12.4%
Income Comparison: Iron River vs. U.S. Average
Each bar shows Iron River’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$55,294
74%
Per Capita
US: $39,052
$35,067
90%
IRS Avg AGI
US: $72,000
$71,038
99%
Avg Weekly Wage
US: $1,432
$810
57%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$810
43% below US avg ($1,432)
Mean Commute Time
34 min
21% above US avg (28 min)
Work From Home
12.9%
15% below US avg (15.2%)
Drive Alone
68.2%
7% below US avg (73.2%)
Public Transit
1.1%
77% below US avg (5.0%)
County GDP
$587M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
68.2%
Public Transit
1.1%
Work From Home
12.9%
Other
17.8%
Average commute time
34 minutes
US avg: 28 min
Business Landscape
Total Establishments
578
Restaurants
102
Healthcare
25
Retail
67
Manufacturing
23
Tax & Financial
IRS Avg Adjusted Gross Income
$71,038
1% below US avg ($72,000)
Avg Property Tax
$5,627
61% above US avg ($3,500)
Cost of Living Index
94.1
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $55,294 |
| Per Capita Income | $35,067 |
| IRS Avg Adjusted Gross Income | $71,038 |
| Avg Weekly Wage | $810 |
| County GDP | $587M |
Hardship Indicators
| Unemployment Rate | 1.1% |
| Poverty Rate | 8.1% |
| Gini Coefficient | 0.430 |
| Cost of Living Index | 94.1 |
Commute
| Mean Commute | 34 minutes |
| Drive Alone | 68.2% |
| Public Transit | 1.1% |
| Work From Home | 12.9% |
Businesses
| Total Establishments | 578 |
| Restaurants | 102 |
| Healthcare | 25 |
| Retail | 67 |
| Manufacturing | 23 |
Tax
| IRS Avg AGI | $71,038 |
| Avg Property Tax | $5,627 |