Income & Economy in Ontonagon village, MI (49953)
Median Income
$55,647
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+88
Wealth inflow
Population
2,261
Unemployment
7.5%
3.8pp above US avg
IRS migration statistics show a net inflow of about 88 for ZIP 49953 (Ontonagon village, 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 49953 (2020–Present)
Since 2020, population grew 2.2%, median income rose 11.7% (inflation-adjusted), home values increased 25.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $55,647 |
| Unemployment | 7.5% |
| Establishments | 75 |
| Employees | 431 |