Coalwood, MI
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Coalwood, MI: Quick Facts & Overview
- Population: 4,546 residents (0 people per sq. mi.)
- Average House Price: $165,403
- Average Household Income: $61,340
Coalwood, MI is located in the state of Michigan. It is home to about 4,546 people, with around 0 residents living in every square mile.
If you want to buy a house in Coalwood, the average price is around $165,403. That makes local housing 25% lower than the Michigan average of $221,733, and 46% lower than the national average of $308,592.
The average household in Coalwood earns about $61,340 a year. This income is 16% lower than the average family in Michigan ($73,374), and 22% lower than the national average ($78,686).
Population
4,546
Median Household Income
$61,340
Median Home Value
$165,403
Median Age
45.3 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $34,682 |
| Labor Force Participation | 38.6% |
| Unemployment Rate | 5.5% |
| Average Commute Time | 17.4 mins |
Housing & Community Metrics
| Home Ownership Rate | 80.4% |
| Median Rent | $711 |
| Rent Burdened (>30% Income) | 17.9% |
| Total Housing Units | 1,713 |
Additional Census & Housing Profile
Geographic Overview
| County | Alger |
| County FIPS | 26003 |
| Metro Area (CBSA) | - |
| Population Density | - |
| Coordinates (lat/lng) | 46.3405, -86.7318 |
| Timezone | America/Detroit |
| National Ranking | 5 |
| Incorporated | No |
Household Structure
| Average Family Size | 2.60 |
| Dual Income Families | 48.1% |
Marital Status
| Married | 48.4% |
| Never Married | 34.2% |
| Divorced | 11.0% |
| Widowed | 6.5% |
Gender
| Male | 61.5% |
| Female | 38.5% |
Health & Poverty
| Uninsured Rate (Health) | 7.0% |
| Poverty Rate | 9.0% |
Key Population Groups
| Veterans | 7.2% |
| Disabled Population | 15.7% |
| Limited English Proficiency | 0.1% |
All ZIP Codes in Coalwood
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 49862 | 4,546 | $61,340 | $165,403 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Munising, MI | 6.8 miles | 1,975 |
| Chatham, MI | 9.5 miles | 135 |
| Rock, MI | 27.8 miles | 160 |
| K. I. Sawyer, MI | 30.3 miles | 2,817 |
| Rapid River, MI | 30.9 miles | 223 |
| Harvey, MI | 31.4 miles | 2,880 |
| Gwinn, MI | 34.1 miles | 1,435 |
| Manistique, MI | 35 miles | 2,863 |
| Marquette, MI | 35.1 miles | 21,325 |
| Gladstone, MI | 36.8 miles | 5,253 |
| Trowbridge Park, MI | 36.9 miles | 2,396 |
| Garden, MI | 40.1 miles | 154 |
| Palmer, MI | 41.1 miles | 309 |
| Grand Marais, MI | 42.5 miles | 153 |
| Negaunee, MI | 42.6 miles | 4,656 |
| Escanaba, MI | 44.4 miles | 12,354 |
| Ishpeming, MI | 45.6 miles | 6,181 |
| West Ishpeming, MI | 48 miles | 2,851 |