Basswood, MI
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Basswood, MI: Quick Facts & Overview
- Population: 5,841 residents (0 people per sq. mi.)
- Average House Price: $109,113
- Average Household Income: $57,236
Basswood, MI is located in the state of Michigan. It is home to about 5,841 people, with around 0 residents living in every square mile.
If you want to buy a house in Basswood, the average price is around $109,113. That makes local housing 51% lower than the Michigan average of $221,733, and 65% lower than the national average of $308,592.
The average household in Basswood earns about $57,236 a year. This income is 22% lower than the average family in Michigan ($73,374), and 27% lower than the national average ($78,686).
Population
5,841
Median Household Income
$57,236
Median Home Value
$109,113
Median Age
51.4 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $32,988 |
| Labor Force Participation | 50.5% |
| Unemployment Rate | 4.3% |
| Average Commute Time | 17.7 mins |
Housing & Community Metrics
| Home Ownership Rate | 80.4% |
| Median Rent | $490 |
| Rent Burdened (>30% Income) | 19.5% |
| Total Housing Units | 2,699 |
Additional Census & Housing Profile
Geographic Overview
| County | Iron |
| County FIPS | 26071 |
| Metro Area (CBSA) | - |
| Population Density | 0.2/sq mi |
| Coordinates (lat/lng) | 46.1886, -88.8451 |
| Timezone | America/Menominee |
| National Ranking | 5 |
| Incorporated | No |
Household Structure
| Average Family Size | 2.71 |
| Dual Income Families | 37.3% |
Marital Status
| Married | 51.6% |
| Never Married | 25.7% |
| Divorced | 15.8% |
| Widowed | 6.9% |
Gender
| Male | 49.7% |
| Female | 50.3% |
Health & Poverty
| Uninsured Rate (Health) | 6.0% |
| Poverty Rate | 15.8% |
Key Population Groups
| Veterans | 9.4% |
| Disabled Population | 20.6% |
| Limited English Proficiency | 0.1% |
All ZIP Codes in Basswood
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 49935 | 5,841 | $57,236 | $109,113 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Iron River, MI | 11.7 miles | 3,002 |
| Caspian, MI | 13.5 miles | 600 |
| Gaastra, MI | 14.7 miles | 296 |
| Watersmeet, MI | 18 miles | 250 |
| Amasa, MI | 18.7 miles | 253 |
| Alpha, MI | 24.5 miles | 215 |
| Crystal Falls, MI | 25.6 miles | 1,719 |
| Eagle River, WI | 26.8 miles | 1,528 |
| Covington, MI | 27.9 miles | 112 |
| Bruce Crossing, MI | 29 miles | 257 |
| Three Lakes, WI | 30.8 miles | 410 |
| Ewen, MI | 31.7 miles | 281 |
| Florence, WI | 33.9 miles | 488 |
| Sayner, WI | 35.7 miles | 213 |
| Boulder Junction, WI | 38.8 miles | 193 |
| Three Lakes, MI | 39.5 miles | 172 |
| Mass City, MI | 41.2 miles | 299 |
| Rockland, MI | 41.3 miles | 246 |
| Crandon, WI | 42.9 miles | 1,365 |
| L'Anse, MI | 43.3 miles | 1,790 |
| Marenisco, MI | 43.3 miles | 223 |
| Republic, MI | 43.6 miles | 519 |
| Baraga, MI | 43.9 miles | 1,939 |
| Lake Tomahawk, WI | 44.2 miles | 190 |
| Laona, WI | 44.3 miles | 631 |
| Michigamme, MI | 44.3 miles | 229 |
| Kingsford, MI | 44.5 miles | 5,124 |
| Bergland, MI | 44.6 miles | 138 |
| Iron Mountain, MI | 45.2 miles | 7,518 |
| Woodruff, WI | 45.4 miles | 580 |
| Goodman, WI | 45.7 miles | 170 |
| Minocqua, WI | 46.4 miles | 497 |
| Zeba, MI | 46.5 miles | 342 |
| Rhinelander, WI | 47.3 miles | 8,316 |
| Quinnesec, MI | 48.7 miles | 892 |
| Mole Lake, WI | 49 miles | 533 |
| Niagara, WI | 49.5 miles | 1,464 |