Gogebic County, Michigan: commercial real estate data.
Gogebic County, Michigan has a population of 14,319 across 1,102 square miles, down 1.1 percent since the 2020 census base. County output reached $648.6 m in 2024, 365 establishments operate here, and the SBA record carries 10 7(a) approvals worth $2.0 m.
120 sourced county values · tier FULL · 12 sections
Gogebic County
How many people live in Gogebic County
- Population14,319
- Households6,989
- Average household size2.05
- Median household income$52,732
- Median age51.2
- Median gross rent$623 per month
- Median owner-occupied home value$107,200
- Home value to household income2.0 times
- Annual rent as a share of median income14.2 percent
- Adults 25 and over with a bachelor degree or higher22.8 percent
- Adults 25 and over with a graduate degree7.9 percent
- Adults 25 and over11,204
- Population under 182,346
- Share under 1816.4 percent
- Population 65 and over4,203
- Share 65 and over29.4 percent
- Working age population, 18 to 647,770
- Civilian labor force6,514
- Unemployment rate6.5 percent
- Labor force participation, adults 18 and over54.4 percent
- Rank by population among Michigan counties69th of 83
- Rank by population among US county-equivalents2198th
Gogebic County is the 69th largest of 83 Michigan counties by population. A median home costs 2.0 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 29.4 percent against 16.4 percent, which points demand at health care, services and single storey product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Gogebic County
Is Gogebic County growing
- Population change since the 2020 census base-1.11 percent
- Census 2020 base population14,376
- Births, 202474
- Deaths, 2024222
- Natural change, 2024-148
- Net domestic migration, 202482
- Net international migration, 202420
- Total net migration, 2024102
- Cumulative net domestic migration, 2021 to 2024346
- Rank by growth among US county-equivalents2225th
The county has lost 1.11 percent of its population since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Gogebic County
Where people moving to Gogebic County come from
- Tax returns filed by households arriving351
- People arriving, from those returns589
- Adjusted gross income arriving$22.6 m
- Net adjusted gross income movement$0
- Average income of an arriving household$64,274
- Largest single originGogebic County Non-migrants (5,555 households)
- Largest single destination (5,555 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Gogebic County Non-migrants | 5,555 | 10,193 | $315.4 m |
| Other flows - Different State | 226 | 386 | $16.2 m |
| Other flows - Midwest | 141 | 229 | $9.7 m |
| Other flows - Same State | 67 | 110 | $2.9 m |
| Other flows - West | 50 | 97 | $3.3 m |
| Iron County | 35 | 54 | $1.3 m |
| Other flows - South | 35 | 60 | $3.2 m |
| Vilas County | 23 | 39 | $2.3 m |
The largest single source of arrivals is Gogebic County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Gogebic County
What the Gogebic County economy runs on
- County GDP, 2024$648.6 m
- County GDP, 2023$612.5 m
- GDP change, 2023 to 20245.9 percent
- GDP change over five years32.5 percent
- Rank by GDP among Michigan counties69th
- Rank by GDP among US county-equivalents2217th
- GDP per resident$45,297
Output grew 5.9 percent in the latest year and 32.5 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Gogebic County
Who employs people in Gogebic County
- Covered employment, annual average5,046
- Establishments reporting420
- Average annual pay$48,384
- Average weekly wage$930
- Sector 44-45, employment755
- Sector 44-45, average annual pay$29,866
- Sector 31-33, employment611
- Sector 31-33, average annual pay$48,359
- Sector 72, employment560
- Sector 72, average annual pay$38,658
- Sector 81, employment254
- Sector 81, average annual pay$102,098
- Sector 23, employment201
- Sector 71, employment115
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 755 | 58 | $29,866 |
| Sector 31-33 | 611 | 24 | $48,359 |
| Sector 72 | 560 | 46 | $38,658 |
| Sector 81 | 254 | 31 | $102,098 |
| Sector 23 | 201 | 44 | $56,510 |
| Sector 71 | 115 | 11 | $26,276 |
| Sector 52 | 103 | 18 | $61,186 |
| Sector 48-49 | 97 | 10 | $57,691 |
The largest sector is the biggest private employer group at 755 jobs, 15.0 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Gogebic County
What businesses operate in Gogebic County
- Establishments, all industries365
- Employment at those establishments4,072
- Annual payroll$146.2 m
- Establishments per 1,000 residents25.5
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Gogebic County
What is being built in Gogebic County
- Housing units authorised by permit, 202430
- Declared construction value permitted$11.9 m
- Single family units authorised30
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$395,246
- Units authorised per 1,000 households4.3
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Gogebic County
How much SBA lending happens in Gogebic County
- 7(a) approvals recorded10
- 7(a) gross approval dollars$2.0 m
- Average 7(a) approval$195,130
- Median 7(a) approval$162,000
- 10th percentile approval$35,000
- 90th percentile approval$560,000
- Largest single approval$560,000
- Jobs reported supported, 7(a)142
- Jobs per approval14.2
- Distinct 7(a) lenders active6
- Distinct industries receiving approvals7
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer40.0 percent
- Loans on real estate terms4
- Loans on working capital terms, 120 months or shorter6
- Franchise loans1
- Franchise share of approvals10.0 percent
- Leading industry by approval countInsurance Agencies and Brokerages (3)
- Most active lenderZeal Credit Union (4)
- 504 approvals recorded1
- 504 gross approval dollars$179,000
- Average 504 approval$179,000
- Median 504 approval$179,000
- Distinct CDCs active1
- 504 jobs per approval0.0
- 504 jobs per million dollars approved0.0
- Most active CDCWBD, Inc. (1)
- 7(a) share of SBA approvals90.9 percent
- Combined SBA approval dollars$2.1 m
The average approval of $195,130 sits close to the median of $162,000, so lending here is fairly evenly sized rather than driven by a few large deals. 40.0 percent of approvals run on real estate terms of 240 months or more, so this is a market where SBA credit is buying buildings, not just funding operations.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Gogebic County
Do SBA loans in Gogebic County get paid back
- Loans with a final outcome recorded5
- Paid in full5
- Charged off0
- Status: Paid in full5
- Status: Exempt from disclosure5
Too few loans have reached a final outcome to publish a charge off rate. only 5 resolved loans, too few to publish a rate. A rate computed on a handful of loans is noise, so none is shown.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Gogebic County
Which parts of Gogebic County get the lending
- Places in the county with recorded lending2
- IRONWOOD, approvals9
- Wakefield, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| IRONWOOD | 9 | $1,916,300 |
| Wakefield | 1 | $35,000 |
IRONWOOD accounts for 9 approvals against 1 in Wakefield. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Gogebic County
How big is Gogebic County
- Land area1,102 sq mi
- Rank by land area among Michigan counties7th of 83
- Width, east to west68 mi
- Height, north to south46.2 mi
- Geographies sharing a boundary2
- Residents per square mile of land13
- Establishments per square mile0.33
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Gogebic County
What hazards affect Gogebic County
- EPA radon zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
- Communities in the NFIP Community Status Book6
- Of those, participating in the NFIP6
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
The EPA places the county in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L.
US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001. FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Gogebic County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Gogebic County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population14,319
- Households6,989
- Average household size2.05
- Median household income$52,732
- Median age51.2
Common questions
Gogebic County questions, answered from the record.
How many people live in Gogebic County, Michigan?
14,319, in 6,989 households, ranking 69th of 83 Michigan counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Gogebic County growing?
The population has fallen 1.11 percent since the 2020 census base. In 2024 there were 74 births against 222 deaths, with net migration of 102. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Gogebic County?
$52,732. The median owner-occupied home is valued at $107,200, which is 2.0 times income, and median gross rent is $623 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Gogebic County?
365 establishments, employing 4,072 people with an annual payroll of $146.2 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Gogebic County?
Average annual pay is $48,384, or $930 a week, across 5,046 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Gogebic County?
10 7(a) approvals totalling $2.0 m since FY2020, across 6 lenders, with a median approval of $162,000, plus 1 504 approvals worth $179,000. These are approvals recorded in the release, not loans disbursed.
What is being built in Gogebic County?
30 housing units were authorised by permit in 2024, with a declared construction value of $11.9 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Gogebic County?
Zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Gogebic County come from?
The largest single origin is Gogebic County Non-migrants, with 5,555 households. Arriving households report an average income of $64,274 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Gogebic County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Gogebic County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.