Income & Economy in Iron River city, MI (49935)
Median Income
$52,254
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+234
Wealth inflow
Population
5,969
Unemployment
3.3%
0.4pp below US avg
IRS migration statistics show a net inflow of about 234 for ZIP 49935 (Iron River city, MI) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 49935 (2020–Present)
Since 2020, population grew 2.5%, median income rose 0.9% (inflation-adjusted), home values increased 15.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $52,254 |
| Unemployment | 3.3% |
| Establishments | 190 |
| Employees | 1,545 |