Iron River, WI · standard
ZIP Code 54847
Bayfield County, Wisconsin - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 2,222
- 5/sq mi
- $68,795
- Median income
- $266,600
- Median home value
- 30.9%
- Bachelor's or higher
National ZIP placement
Iron River pairs a below-median household income with above-median home values, in a rural, homeowner-dominated area.
- 45th pct
- household income, US ZIPs
- Top 39%
- home value, US ZIPs
- 5
- people per sq mi
- 80%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 54847 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 54847 (Iron River, WI) rose +40.1% from 2023 to 2024.
ZIP code 54847 covers 427.3 square miles in Iron River, Bayfield County, Wisconsin (a standard USPS delivery area), with a modest 2,222 residents on file, a density of 5 people per square mile, in the Chicago time zone.
ZIP 54847 reports a modest median household income of $68,795 (12% below the average Wisconsin ZIP), while per-capita income is $44,466. The poverty rate is 8.1%, with unemployment at 2.8%; those measures add context to the income figure. Median home value is $266,600 (7% above the average Wisconsin ZIP) and median rent is $800; 79.5% of occupied homes are owner-occupied.
A solid share of residents have a four-year degree: 30.9% of adults hold a bachelor's degree or higher, the median age is 55.6, and the average commute is 32 minutes. No nearby ZIP peer set is available for this delivery area, so the Wisconsin and national benchmarks above are the appropriate context for 54847.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 54847
Top 5 sectors by establishment count in Iron River, WI
Which industries have the most business establishments in ZIP 54847.
- Accommodation and food services
Accommodation and food services
18 establishments
- Retail trade
Retail trade
14 establishments
- Construction
Construction
11 establishments
- Health care and social assistance 6
Health care and social assistance
6 establishments
- Other services (except public administration) 6
Other services (except public administration)
6 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 54847, Iron River, WI · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
2,222
Population
427.3
Area (sq mi)
5
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 54847?
55.6
Median Age
48.6%
Male
51.4%
Female
0.8%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$68,795
Median Household Income
-12% vs state ZIP avg
$44,466
Per Capita Income
8.1%
Poverty Rate
2.8%
Unemployment Rate
32.0 min
Mean Commute Time
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
2,218housing units
2,218
Total Housing Units
1,203
Occupied Units
1,015
Vacant Units
2.16
Avg Household Size
Occupancy Type
$266,600
Median Home Value
+7% vs state ZIP avg
$800
Median Rent
1986
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What businesses operate in this ZIP?
Census Bureau data shows 77 business establishments in ZIP 54847, employing approximately 531 people with a combined annual payroll of $26,485,000.
77
Businesses
531
Employees
$26.5M
Annual Payroll
9
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Accommodation and food services | 18 | 23.4% |
| Retail trade | 14 | 18.2% |
| Construction | 11 | 14.3% |
| Health care and social assistance | 6 | 7.8% |
| Other services (except public administration) | 6 | 7.8% |
| Manufacturing | 4 | 5.2% |
| Transportation and warehousing | 4 | 5.2% |
| Real estate and rental and leasing | 4 | 5.2% |
| Wholesale trade | 3 | 3.9% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 54847, both outside WI so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (2,222 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.