Comparison to Surrounding Areas
The median household income ($59,453) for 49945 is less than the median household income for 49916 ($74,625), 49930 ($72,314), Torch Lake township ($69,938), and Grant township ($85,000). But it's more than 49934 ($47,386), 49950 ($53,250), 49913 ($53,571), Keweenaw County ($52,583), Houghton County ($58,899), Sherman township ($37,344), and Schoolcraft township ($55,327).
| 49945 | $59,453 |
| Schoolcraft township | $55,327 |
| Torch Lake township | $69,938 |
| Grant township | $85,000 |
| Sherman township | $37,344 |
| Houghton County | $58,899 |
| Keweenaw County | $52,583 |
Get Median Household Income for all Zip Codes in Michigan.
The average household income ($77,258) for 49945 is less than the average household income for 49930 ($91,390), 49950 ($87,102), 49916 ($97,084), Keweenaw County ($82,119), Houghton County ($80,899), Grant township ($101,802), and Torch Lake township ($94,486). But it's more than 49913 ($65,854), 49934 ($55,128), Schoolcraft township ($68,474), and Sherman township ($47,250).
| 49945 | $77,258 |
| Schoolcraft township | $68,474 |
| Torch Lake township | $94,486 |
| Grant township | $101,802 |
| Sherman township | $47,250 |
| Houghton County | $80,899 |
| Keweenaw County | $82,119 |
Get Average Household Income for all Zip Codes in Michigan.
The per-capita income for 49945 is $36,726. The per capita income ($36,726) for 49945 is less than the per capita income for 49916 ($42,278), 49950 ($50,469), Keweenaw County ($45,090), Torch Lake township ($41,992), and Grant township ($48,314). But it's more than 49913 ($27,734), 49930 ($34,760), 49934 ($26,392), Houghton County ($31,893), Schoolcraft township ($28,522), and Sherman township ($23,328).
| 49945 | $36,726 |
| Schoolcraft township | $28,522 |
| Torch Lake township | $41,992 |
| Grant township | $48,314 |
| Sherman township | $23,328 |
| Houghton County | $31,893 |
| Keweenaw County | $45,090 |
Get Per-Capita Income for all Zip Codes in Michigan.
3.8% of households make over $200,000 a year. The percent high income households (3.8%) for 49945 is less than the percent high income households for 49930 (6.1%), 49950 (5.8%), 49916 (11.8%), Keweenaw County (5.7%), Houghton County (6.6%), Grant township (13.6%), and Torch Lake township (9.3%). But it's more than 49913 (2.9%), 49934 (0.0%), Schoolcraft township (1.1%), and Sherman township (0.0%).
| 49945 | 3.8% |
| Schoolcraft township | 1.1% |
| Torch Lake township | 9.3% |
| Grant township | 13.6% |
| Sherman township | 0.0% |
| Houghton County | 6.6% |
| Keweenaw County | 5.7% |
Get High Income Households for all Zip Codes in Michigan.
| under 25 years | 25 to 44 years | 45 to 64 years | 65 years and over | |
|---|---|---|---|---|
| 49945 | $89,688 | $57,750 | $77,361 | $44,222 |
| Schoolcraft township | $89,688 | $56,500 | $67,917 | $41,250 |
| Torch Lake township | $-1 | $113,281 | $102,250 | $47,500 |
| Grant township | $-1 | $-1 | $106,250 | $63,750 |
| Sherman township | $-1 | $36,016 | $-1 | $58,750 |
| Houghton County | $30,278 | $75,754 | $85,839 | $48,668 |
| Keweenaw County | $-1 | $48,194 | $76,467 | $49,896 |
Get Median Household Income by Age of Householder for all Zip Codes in Michigan.
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All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2024 5-year estimates. You can find this information and other demographics for 49945 on the US Census Bureau’s website. These values are in 2024 inflation-adjusted dollars and were downloaded on 29 January 2026.
Margins of error for the income data are:
| Median Household Income | Average Household Income | Per Capita Income | High Income Households | Median Household Income by Age of Householder | ||||
|---|---|---|---|---|---|---|---|---|
| under 25 | 25 to 44 | 45 to 64 | 65+ | |||||
| 49945 | +/-$9,963 | +/-$11,812 | +/-$5,404 | +/-4.1% | +/-$70,131 | +/-$32,272 | +/-$18,514 | +/-$7,091 |
| Schoolcraft township | +/-$8,693 | +/-$7,643 | +/-$2,700 | +/-1.2% | +/-$70,131 | +/-$7,630 | +/-$21,104 | +/-$9,783 |
| Torch Lake township | +/-$11,251 | +/-$16,821 | +/-$6,850 | +/-6.4% | +/-$-1 | +/-$30,317 | +/-$21,713 | +/-$12,194 |
| Grant township | +/-$20,201 | +/-$18,008 | +/-$8,305 | +/-7.8% | +/-$-1 | +/-$-1 | +/-$28,351 | +/-$21,098 |
| Sherman township | +/-$11,429 | +/-$8,688 | +/-$5,540 | +/-36.0% | +/-$-1 | +/-$671 | +/-$-1 | +/-$7,325 |
| Houghton County | +/-$3,371 | +/-$3,550 | +/-$1,708 | +/-1.1% | +/-$12,753 | +/-$7,215 | +/-$5,213 | +/-$4,228 |
| Keweenaw County | +/-$5,516 | +/-$9,613 | +/-$5,934 | +/-2.1% | +/-$-1 | +/-$9,467 | +/-$11,941 | +/-$6,676 |