Keweenaw County, Michigan: commercial real estate data.
Keweenaw County, Michigan had an estimated 2,161 residents on July 1, 2024, up 5.6 percent since the 2020 census base of 2,046, across 540 square miles. County output reached $76.6 m in 2024, 59 establishments operate here, and the SBA record carries 9 7(a) approvals worth $6.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Keweenaw County
How many people live in Keweenaw County
- Population, American Community Survey 2020-20242,133
- Households1,135
- Average household size1.88
- Median household income$52,583
- Median age57.1
- Median gross rent$688 per month
- Median owner-occupied home value$169,800
- Home value to household income3.2 times
- Annual rent as a share of median income15.7 percent
- Adults 25 and over with a bachelor degree or higher41.2 percent
- Adults 25 and over with a graduate degree18.1 percent
- Adults 25 and over1,760
- Population under 18318
- Share under 1814.9 percent
- Population 65 and over779
- Share 65 and over36.5 percent
- Working age population, 18 to 641,036
- Civilian labor force836
- Unemployment rate2.2 percent
- Labor force participation, adults 18 and over46.1 percent
- Rank by population among Michigan counties83rd of 83
- Rank by population among US county-equivalents, Puerto Rico included3110th of 3,222
Keweenaw County is the 83rd largest of 83 Michigan counties by population. A median home costs 3.2 times median household income, which is moderately unaffordable by national standards. Residents 65 and over outnumber those under 18, at 36.5 percent against 14.9 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Keweenaw County
Is Keweenaw County's population growing?
- Population, July 1, 20242,161
- Census 2020 base population2,046
- Population change since the 2020 census base5.62 percent
- Population change, 2023 to 2024-20
- Births, 202418
- Deaths, 202430
- Natural change, 2024-12
- Net domestic migration, 2024-10
- Net international migration, 20242
- Total net migration, 2024-8
- Cumulative net domestic migration, 2021 to 2024161
- Rank by growth among US county-equivalents456th of 3,144
The county has grown 5.62 percent since the 2020 census base. The population fell in 2024 from both sources: deaths exceeded births and more people left than moved in.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Keweenaw County
Where are people moving to Keweenaw County from?
- Tax returns filed by households arriving42
- People arriving, from those returns83
- Tax returns filed by households leaving29
- Net household movement13
- Adjusted gross income arriving$2.7 m
- Net adjusted gross income movement$1.3 m
- Average income of an arriving household$64,381
- Average income of a leaving household$47,000
- Largest single originHoughton County (42 households)
- Largest single destinationHoughton County (29 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Houghton County | 42 | 83 | $2.7 m |
Households arriving report $17,381 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Houghton County, 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.
Keweenaw County
What is the Keweenaw County economy?
- County GDP, 2024$76.6 m
- County GDP, 2023$74.4 m
- GDP change, 2023 to 20242.9 percent
- GDP change over five years47.5 percent
- Rank by GDP among the Michigan areas BEA publishes83rd of 83
- Rank by GDP among the US county areas BEA publishes3075th of 3,127
- GDP per resident$35,904
Output grew 2.9 percent in the latest year and 47.5 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.
Keweenaw County
Employment by industry in Keweenaw County
- Covered employment, annual average478
- Establishments reporting85
- Average annual pay$35,549
- Average weekly wage$684
- Manufacturing, employment55
- Manufacturing, average annual pay$44,816
- Retail trade, employment37
- Retail trade, average annual pay$23,924
- Construction, employment19
- Construction, average annual pay$56,590
- Other services, except public administration, employment14
- Other services, except public administration, average annual pay$43,502
- Agriculture, forestry, fishing and hunting, employment12
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 55 | 4 | $44,816 |
| Retail trade | 37 | 9 | $23,924 |
| Construction | 19 | 8 | $56,590 |
| Other services, except public administration | 14 | 5 | $43,502 |
| Agriculture, forestry, fishing and hunting | 12 | 4 | $46,315 |
Manufacturing is the largest private sector at 55 jobs, 11.5 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Keweenaw County
How many businesses are in Keweenaw County?
- Establishments, all industries59
- Employment at those establishments347
- Annual payroll$14.5 m
- Establishments per 1,000 residents27.7
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Keweenaw County
Building permits in Keweenaw County
- Housing units authorized by permit, 202425
- Declared construction value permitted$4.2 m
- Single family units authorized25
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$167,167
- Units authorized per 1,000 households22.0
Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Keweenaw County
SBA loans in Keweenaw County (7(a) and 504)
- 7(a) approvals recorded9
- 7(a) gross approval dollars$6.6 m
- Average 7(a) approval$728,367
- Median 7(a) approval$720,000
- Largest single approval$1,734,500
- Jobs reported supported, 7(a)169
- Jobs per approval18.8
- Distinct 7(a) lenders active4
- Distinct industries receiving approvals5
- Median 7(a) term288 months
- Share of loans on real estate terms, 240 months or longer55.6 percent
- Loans on real estate terms5
- Loans on working capital terms, 120 months or shorter3
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countSkiing Facilities (5)
- Most active lenderThe Huntington National Bank (5)
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Keweenaw County
SBA loan default and charge-off rates in Keweenaw County
Do SBA loans in Keweenaw County get paid back?
- Loans with a final outcome recorded1
- Paid in full1
- Charged off0
- Status: Paid in full1
- Status: Exempt from disclosure7
- Status: Committed, not yet disbursed1
Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Keweenaw County
SBA lending by place in Keweenaw County
- Borrower cities with recorded lending3
- Mohawk, approvals7
- Copper Harbor, approvals1
- Ahmeek, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Mohawk | 7 | $5,499,500 |
| Copper Harbor | 1 | $720,000 |
| Ahmeek | 1 | $335,800 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Keweenaw County
How large is Keweenaw County?
- Land area540 sq mi
- Rank by land area among Michigan counties63rd of 83
- Width, east to west72 mi
- Height, north to south68.4 mi
- Geographies sharing a boundary1
- Residents per square mile of land4
- Establishments per square mile0.11
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.
Keweenaw County
Flood risk in Keweenaw County
- Communities in the county in the NFIP Community Status Book3
- Of those, participating in the NFIP3
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Keweenaw County, EPA zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
The EPA places Keweenaw County in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Keweenaw 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 Keweenaw County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-20242,133
- Households1,135
- Average household size1.88
- Median household income$52,583
- Median age57.1
Common questions
Keweenaw County questions, answered from the record.
How many people live in Keweenaw County, Michigan?
The Census Bureau estimates 2,161 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 2,133, in 1,135 households, ranking 83rd of 83 Michigan counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Keweenaw County's population growing?
The population has grown 5.62 percent since the 2020 census base of 2,046, to 2,161 on July 1, 2024. In 2024 there were 18 births against 30 deaths, with net migration of -8. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Keweenaw County?
$52,583. The median owner-occupied home is valued at $169,800, which is 3.2 times income, and median gross rent is $688 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Keweenaw County?
59 establishments, employing 347 people with an annual payroll of $14.5 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Keweenaw County?
Manufacturing is the largest private sector at 55 jobs, 11.5 percent of covered employment. Covered employment averages 478 jobs at an average annual pay of $35,549, or $684 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Keweenaw County?
9 7(a) approvals totaling $6.6 m since FY2020, across 4 lenders, with a median approval of $720,000. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Keweenaw County?
25 housing units were authorized by permit in 2024, with a declared construction value of $4.2 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Keweenaw 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 Keweenaw County come from?
The largest single origin is Houghton County, with 42 households. Arriving households report an average income of $64,381 against $47,000 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Keweenaw 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 Keweenaw County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Keweenaw County
Cities and places in Keweenaw.
6 Census places lie wholly or partly in Keweenaw County. All 6 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Mohawk | CDP | 264 | 7 | Wholly in this county |
| Copper Harbor | CDP | 163 | 1 | Wholly in this county |
| Eagle Harbor | CDP | 110 | None recorded | Wholly in this county |
| Fulton | CDP | 94 | None recorded | Wholly in this county |
| Ahmeek | village | 93 | 1 | Wholly in this county |
| Eagle River | CDP | 83 | None recorded | Wholly in this county |
Nearby