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

The verdict

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.

ZIP code 54847 is classified by USPS as a standard delivery area and covers roughly 427.3 square miles in Iron River, Bayfield County, Wisconsin. The area is home to 2,222 residents, producing a population density of 5 people per square mile, and falls within the Chicago time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 54847 against Wisconsin and the nation.

On the economic side, the median household income for ZIP 54847 sits at $68,795 (12% below the Wisconsin average), while per-capita income is $44,466. The poverty rate stands at 8.1% and the unemployment rate at 2.8%. On housing, the median home value is $266,600 (7% above the state average) with median rent at $800 per month, and 79.5% of occupied units are owner-occupied, a direct signal of whether 54847 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 30.9% of adults hold a bachelor's degree or higher, the median age is 55.6, and the average commute is 32 minutes. Use the benchmarks above to see where 54847 sits relative to Wisconsin and the national baseline rather than viewing the numbers in isolation. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →

Top industries in ZIP 54847

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 54847.

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 · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, 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; HUD FMR + 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

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 54847?

55.6

Median Age

48.6%

Male

51.4%

Female

0.8%

Foreign-Born

White 91.9%
African American 0.5%
Asian 0.4%
American Indian or Alaska Native 2.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 5.1%
Hispanic or Latino 2.6%

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

$44,466

Per Capita Income

8.1%

Poverty Rate

2.8%

Unemployment Rate

32.0 min

Mean Commute Time

How ZIP 54847 ranks nationally

Household income vs. every US ZIP code

Median household income — the full national distribution, with this ZIP marked

$68,795 45th percentile higher than 45% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). This entry sits in this band. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau — ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 61.6%
Bachelor's Degree or Higher 30.9%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

2,218

Total Housing Units

1,203

Occupied Units

1,015

Vacant Units

2.16

Avg Household Size

Occupancy Type

Owner 79.5%
Renter 20.5%

$266,600

Median Home Value

+7% vs state

$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.

More ZIP Codes in Bayfield County

Frequently Asked Questions

What county is ZIP code 54847 in?
ZIP code 54847 (Iron River) is located in Bayfield County, Wisconsin. Bayfield County contains multiple ZIP codes, see the full list at /counties/bayfield-wi.
What is the population of ZIP code 54847?
ZIP code 54847 in Iron River, WI has a population of 2,222 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 54847?
The median household income in ZIP 54847 is $68,795, which is 10% below the national average of $76,288.
What is the average home value in ZIP 54847?
The median home value in ZIP 54847 is $266,600, which is 4% below the national average of $278,155.
What is the demographic makeup of ZIP 54847?
The largest racial group in ZIP 54847 is White at 91.9%. Hispanic or Latino residents make up 2.6% of the population.
How many businesses are in ZIP code 54847?
ZIP code 54847 has 77 business establishments employing approximately 531 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 54847?
The top industries by establishment count in ZIP 54847 are: Accommodation and food services (18), Retail trade (14), Construction (11). There are 9 industry sectors represented in total.
What is the education level in ZIP code 54847?
In ZIP code 54847, 61.6% of residents aged 25+ have a high school diploma or higher, and 30.9% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 54847?
The mean commute time for workers in ZIP code 54847 is 32.0 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 54847?
In ZIP code 54847, approximately 79.5% of occupied housing units are owner-occupied and 20.5% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 54847?
The poverty rate in ZIP code 54847 is 8.1% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

ZIP Code Research Guides

Official Data Resources for Iron River, WI

Verify and explore additional data for this area using these official government sources.