54847 Map

54847 Income Statistics

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Comparison to Surrounding Areas

54847 Median Household Income

The median household income ($67,946) for 54847 is less than the median household income for 54820 ($79,500), 54832 ($73,409), 54856 ($69,091), 54873 ($85,909), and Bayfield County ($69,609). But it's more than 54806 ($59,556), 54865 ($62,500), and Iron River CDP ($55,294).

54847$67,946
Iron River CDP$55,294
Bayfield County$69,609

54847 Average Household Income

The average household income ($96,460) for 54847 is more than 54873 ($95,571), 54856 ($75,057), 54865 ($72,974), 54806 ($73,500), 54820 ($94,740), 54832 ($82,347), Bayfield County ($88,980), and Iron River CDP ($70,142).

54847$96,460
Iron River CDP$70,142
Bayfield County$88,980

54847 Per-Capita Income

The per-capita income for 54847 is $45,791. The per capita income ($45,791) for 54847 is less than the per capita income for 54820 ($45,797). But it's more than 54832 ($41,000), 54865 ($38,759), 54873 ($44,199), 54806 ($32,318), 54856 ($32,628), Bayfield County ($40,846), and Iron River CDP ($35,067).

54847$45,791
Iron River CDP$35,067
Bayfield County$40,846

54847 High Income Households

7.4% of households make over $200,000 a year. The percent high income households (7.4%) for 54847 is more than 54873 (6.3%), 54856 (1.7%), 54865 (2.8%), 54806 (3.4%), 54820 (5.9%), 54832 (3.2%), Bayfield County (5.4%), and Iron River CDP (5.4%).

548477.4%
Iron River CDP5.4%
Bayfield County5.4%

54847 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
54847$-1$71,500$101,250$46,250
Iron River CDP$-1$68,750$58,625$35,341
Bayfield County$60,938$78,504$88,375$57,567

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About the Data

Sources & Margins of Error

All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2023 5-year estimates. You can find this information and other demographics for 54847 on the US Census Bureau’s website. These values are in 2023 inflation-adjusted dollars and were downloaded on 12 December 2024.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars) By Age Of Householder

Margins of error for the above income data are:

Median Household Income Average Household Income Per Capita Income High Income Households Median Household Income by Age of Householder
under 25 25 to 44 45 to 64 65+
54847+/-$7,309+/-$10,454+/-$5,077+/-2.2%+/-$-1+/-$18,216+/-$16,136+/-$8,149
Iron River CDP+/-$12,369+/-$12,493+/-$5,860+/-3.7%+/-$-1+/-$22,931+/-$14,918+/-$13,618
Bayfield County+/-$2,612+/-$3,198+/-$1,593+/-0.8%+/-$26,832+/-$3,217+/-$6,378+/-$2,305