| ZIP Code | 54847 |
|---|---|
| City | Iron River |
| State | Wisconsin (WI) |
| County | Bayfield County |
| Area Code | 534/715 |
| Elevation | 1,107 ft |
| Latitude | 46.579326 |
|---|---|
| Longitude | -91.39985 |
| Timezone | Chicago (DST) |
| FIPS | 55007 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 56.9 yrs ↑ 3% since 2019 |
|---|---|
| Avg Household Size | 2.07 |
| Below Poverty | 6.0% ▼ 41% below avg |
| College Grads | 44.3% ▲ 14% above avg |
| Unemployment | 3.3% ▼ 33% below avg |
| No HS Diploma | 10 (0.5%) |
| HS Graduate | 577 (30%) |
| Some College | 154 (8%) |
| Associates | 332 (17.2%) |
| Bachelors | 250 (13%) |
| Graduate Degree | 603 (31.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $67,946 ▼ 11% below avg ↑ 21% since 2019 |
|---|---|
| Median Home Value | $253,900 ▼ 9% below avg ↑ 40% since 2019 |
| Home/Income Ratio | 3.7x (nat avg ~3.5x) |
| Median Rent | $890/mo ↑ 5% since 2019 |
| Total Units | 2,176 |
| Vacant Units | 996 |
| Avg HH Size | 2.07 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 2,176 |
|---|---|
| Vacant | 996 |
| Owner Occupied | 81.0% |
| Renter Occupied | 19.0% |
| Avg HH Size | 2.07 |
ZIP code 54847 is located in Iron River, Wisconsin, within Bayfield County. With a population of 2,454, this is a sparsely populated ZIP code with an older community — the median age is 56.9 years. Economically, 54847 is a solidly middle-class ZIP code: the median household income of $67,946 is near the national average.
Real estate in ZIP code 54847 represents a mid-range housing market. The median home value of $253,900 is near the national average. Renters can expect to pay around $890 per month in median rent. Homeownership is strong here — 81.0% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 40% since 2019.
The population of 54847 is primarily White (91.56%). Residents are well-educated — 44.3% hold a bachelor's degree or higher, which is near the national average. Poverty affects a relatively small share of residents at 6.0%. Household income has grown by 21% since 2019.
The unemployment rate in 54847 stands at 3.3%, which is below the national average. About 12% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 76%.
Overall, ZIP code 54847 in Iron River, WI is characterized as solidly middle-class, well-educated, an older community, and predominantly owner-occupied. With 2,454 residents, a median household income of $67,946, and a median home value of $253,900, it offers a clear picture of life in this part of Wisconsin.