Panola, MI
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Panola, MI: Quick Facts & Overview
- Population: 4,380 residents (1 people per sq. mi.)
- Average House Price: $134,105
- Average Household Income: $63,605
Panola, MI is located in the state of Michigan. It is home to about 4,380 people, with around 1 residents living in every square mile.
If you want to buy a house in Panola, 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 Panola 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 | 1.4/sq mi |
| Coordinates (lat/lng) | 46.0494, -88.3287 |
| Timezone | America/Menominee |
| National Ranking | 5 |
| 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 Panola
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 49920 | 4,380 | $63,605 | $134,105 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Alpha, MI | 2.4 miles | 215 |
| Crystal Falls, MI | 3.3 miles | 1,719 |
| Florence, WI | 9.4 miles | 488 |
| Gaastra, MI | 13.3 miles | 296 |
| Amasa, MI | 13.9 miles | 253 |
| Caspian, MI | 14.3 miles | 600 |
| Iron River, MI | 15.3 miles | 3,002 |
| Iron Mountain, MI | 20 miles | 7,518 |
| Kingsford, MI | 20.1 miles | 5,124 |
| Quinnesec, MI | 23.4 miles | 892 |
| Niagara, WI | 24.4 miles | 1,464 |
| Norway, MI | 26.4 miles | 2,833 |
| Republic, MI | 29.1 miles | 519 |
| Goodman, WI | 29.5 miles | 170 |
| Pembine, WI | 32.8 miles | 269 |
| Three Lakes, MI | 34.6 miles | 172 |
| Covington, MI | 35.5 miles | 112 |
| Michigamme, MI | 35.8 miles | 229 |
| Laona, WI | 37.6 miles | 631 |
| Amberg, WI | 41 miles | 185 |
| Hermansville, MI | 41.9 miles | 666 |
| West Ishpeming, MI | 42.1 miles | 2,851 |
| Crandon, WI | 43.1 miles | 1,365 |
| Ishpeming, MI | 43.7 miles | 6,181 |
| Three Lakes, WI | 43.9 miles | 410 |
| Watersmeet, MI | 44.5 miles | 250 |
| Palmer, MI | 44.9 miles | 309 |
| Wabeno, WI | 45 miles | 269 |
| Eagle River, WI | 45.3 miles | 1,528 |
| Gwinn, MI | 45.4 miles | 1,435 |
| Powers, MI | 46 miles | 360 |
| Negaunee, MI | 46.7 miles | 4,656 |
| Carney, MI | 48.8 miles | 177 |
| L'Anse, MI | 48.9 miles | 1,790 |
| Wausaukee, WI | 49.8 miles | 531 |
| K. I. Sawyer, MI | 49.9 miles | 2,817 |
| Mole Lake, WI | 50.1 miles | 533 |