Income & Economy in Iron River CDP, WI (54847)
Median Income
$67,946
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+143
Wealth inflow
Population
2,454
Unemployment
3.3%
0.4pp below US avg
IRS migration statistics show a net inflow of about 143 for ZIP 54847 (Iron River CDP, WI) 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 54847 (2020–Present)
Since 2020, population grew 5.4%, median income rose 0.7% (inflation-adjusted), home values increased 8.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $67,946 |
| Unemployment | 3.3% |
| Establishments | 77 |
| Employees | 531 |