Fortune Lake, MI
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Fortune Lake, MI: Quick Facts & Overview
- Population: 4,380 residents (10 people per sq. mi.)
- Average House Price: $134,105
- Average Household Income: $63,605
Fortune Lake, MI is located in the state of Michigan. It is home to about 4,380 people, with around 10 residents living in every square mile.
If you want to buy a house in Fortune Lake, the average price is around $134,105. That makes local housing 40% lower than the Michigan average of $221,733, and 57% lower than the national average of $308,592.
The average household in Fortune Lake earns about $63,605 a year. This income is 13% lower than the average family in Michigan ($73,374), and 19% lower than the national average ($78,686).
Population
4,380
Median Household Income
$63,605
Median Home Value
$134,105
Median Age
56.3 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $34,440 |
| Labor Force Participation | 45.5% |
| Unemployment Rate | 6.7% |
| Average Commute Time | 22.4 mins |
Housing & Community Metrics
| Home Ownership Rate | 88.6% |
| Median Rent | $918 |
| Rent Burdened (>30% Income) | 26.4% |
| Total Housing Units | 2,096 |
Additional Census & Housing Profile
Geographic Overview
| County | Iron |
| County FIPS | 26071 |
| Metro Area (CBSA) | - |
| Population Density | 10.1/sq mi |
| Coordinates (lat/lng) | 46.0947, -88.4162 |
| Timezone | America/Menominee |
| National Ranking | 4 |
| Incorporated | No |
Household Structure
| Average Family Size | 2.53 |
| Dual Income Families | 35.1% |
Marital Status
| Married | 52.1% |
| Never Married | 23.5% |
| Divorced | 12.6% |
| Widowed | 11.8% |
Gender
| Male | 52.0% |
| Female | 48.0% |
Health & Poverty
| Uninsured Rate (Health) | 3.7% |
| Poverty Rate | 15.0% |
Key Population Groups
| Veterans | 12.5% |
| Disabled Population | 25.5% |
| Limited English Proficiency | - |
All ZIP Codes in Fortune Lake
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 49920 | 4,380 | $63,605 | $134,105 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Alpha, MI | 4 miles | 215 |
| Crystal Falls, MI | 4.3 miles | 1,719 |
| Gaastra, MI | 9.4 miles | 296 |
| Amasa, MI | 9.5 miles | 253 |
| Caspian, MI | 10.3 miles | 600 |
| Iron River, MI | 10.7 miles | 3,002 |
| Florence, WI | 14.2 miles | 488 |
| Kingsford, MI | 25.1 miles | 5,124 |
| Iron Mountain, MI | 25.2 miles | 7,518 |
| Quinnesec, MI | 28.5 miles | 892 |
| Republic, MI | 29.4 miles | 519 |
| Niagara, WI | 29.6 miles | 1,464 |
| Covington, MI | 31.4 miles | 112 |
| Norway, MI | 31.6 miles | 2,833 |
| Three Lakes, MI | 32.6 miles | 172 |
| Goodman, WI | 32.7 miles | 170 |
| Michigamme, MI | 34.7 miles | 229 |
| Pembine, WI | 37.7 miles | 269 |
| Laona, WI | 38.9 miles | 631 |
| Watersmeet, MI | 39.5 miles | 250 |
| Three Lakes, WI | 41.4 miles | 410 |
| Eagle River, WI | 42 miles | 1,528 |
| West Ishpeming, MI | 43.1 miles | 2,851 |
| Crandon, WI | 43.1 miles | 1,365 |
| Ishpeming, MI | 44.9 miles | 6,181 |
| L'Anse, MI | 45.5 miles | 1,790 |
| Amberg, WI | 45.6 miles | 185 |
| Palmer, MI | 46.6 miles | 309 |
| Wabeno, WI | 46.8 miles | 269 |
| Hermansville, MI | 47.1 miles | 666 |
| Baraga, MI | 47.3 miles | 1,939 |
| Bruce Crossing, MI | 47.6 miles | 257 |
| Negaunee, MI | 48 miles | 4,656 |
| Zeba, MI | 48.2 miles | 342 |
| Gwinn, MI | 48.4 miles | 1,435 |
| Mole Lake, WI | 50.1 miles | 533 |