54540 Zip Code Population and Demographics

In this article, we'll explore the population statistics for the zip code 54540, including popular demographics data like median age, number of households, household income, gender, employment and unemployment rates, occupations, religion, and more.

54540 is a zip code in Gogebic County and Vilas County, Michigan, which covers Watersmeet, Conover, Land O'Lakes, Phelps, and Presque Isle, with a total population of 840 people.

We are using the latest American Community Survey (ACS) 5-Year survey data from the US Census Bureau, which is accurate up to 2021.

Table of Contents

Population

There is a lot of data that lets us see how many people live in the 54540 zip code. The most basic data is the total population, which is the total number of people living in 54540.

The estimated population of people living in 54540 is 840, with a median age of 60.6.

We can look back at data from previous years to see how the population in the 54540 area has changed over the last 5 years.

Year Population Change 5-Year Change
2021
840
-4.55% -4.11%
2020
880
-3.93% -
2019
916
+3.39%
-
2018
886
+1.14%
-
2017
876
- -

Population of 54540 by Race and Ethnicity

How much has the race and ethnicity of the population in the 54540 zip code changed? The US Census Bureau gives us a few defined types that the population is broken down into.

Let's look at the total numbers and also the change over the last 5 years.

Race 2021 2017 Change
White
89.6%
95.7%
-6.37%
Black/African American
0%
0%
0.00%
Native
0.7%
0.6%
+16.67%
Hispanic
3.6%
1.1%
+227.27%
Asian
0%
0%
0.00%
Hawaiian/Pacific Islander
0%
0%
0.00%
Two Or More Races
6.1%
2.6%
+134.62%
Other
0%
0%
0.00%

This data can be very important for anybody studying the 54540 zip for a number of reasons, including social and economic research, planning and development, and marketing to a multi-cultural population.

Note that the Native group includes both Native American and Alaskan Native people.

Population of 54540 by Age and Gender

We can also monitor the change of the age and gender in the 54540 zip code to track track trends in the population over time.

We can see how the population in 54540 has changed over the last 5 years by median age as a total, and also by male and female.

Year Total Male Female
2021 60.6 +4.12% 60.7 +8.01% 60.6 +0.66%
2020 58.2 -2.35% 56.2 -4.26% 60.2 +0.17%
2019 59.6 +2.58% 58.7 +2.09% 60.1 +2.21%
2018 58.1 +3.94% 57.5 -1.2% 58.8 +10.94%
2017 55.9 - 58.2 - 53 -

The median age of the 54540 zip gives you an idea of the age distribution, with half of the population being older than the median age and half being younger.

This can then be used to infer and compare against birth rates, parent ages, and more metrics to understand the population. For example, an increasing median age indicates an aging population in the 54540 area, which can be a sign of a declining population in terms of birth rates and workforce participation.

Age 2021 2017
(Years) Male Female Male Female
0 to 9 16 +66.06% 37 -62.8% 24 12
10 to 19 37 -72.25% 36 -67.38% 14 16
20 to 29 31 +64.19% 21 +99.2% 43 30
30 to 39 22 4.52% 6 +295.45% 17 28
40 to 49 53 -81.9% 62 -151.01% 21 9
50 to 59 87 +39.14% 82 -11.77% 115 68
60 to 69 116 +18.39% 76 +72.46% 130 138
70+ 105 +3.75% 89 -26.18% 108 67

Median Household Income

The latest median household income for the 54540 zip code is $52,500.00.

In simple terms, the median income is the middle income of a group of people. Half of the people in the group make more than the median income, and half make less.

The median income is a good indicator of the overall income of a group of people, and can be used to compare against other metrics such as the average income, per capita income, and more.

Median Income by Age

We can also look at the median income by age to see how the median income varies by age, and how it compares to the overall median income for 54540.

  • Under 25
    $43,558.00
  • 25 to 44
    $56,563.00
  • 45 to 64
    $62,381.00
  • 65 and over
    $46,875.00

Average Household Income

Whenever we ask what is the average household income in the 54540 zip code, we are actually talking about the mean household income.

This is calculated by adding up all the incomes of all the households in 54540, and then dividing that number by the total number of households.

This is a good way to get a general idea of the average income of a group of people, but it can be skewed by a very high or very low incomes.

The average household income of 54540 is currently $72,767.00.

In terms of accurately summarizing income at a geographic level, the median income is a better metric than the average income because it isn't affected by a small number of very high or very low incomes.

If you had an area where the average income was greater than the median, it can mean that there is significant income inequality, with income being concentrated in a small number of wealthy households.

4.11% of households in 54540 are classed as high income households (making $200,000+ per year).

Household Income Tiers

The US Census Bureau divides households into income tiers based on the median income for the area. This is a good way to compare the income of 54540 against other zip codes.

  • Less than $24,999
    11.59%
  • $25,000 to $49,999
    32.37%
  • $50,000 to $74,999
    27.78%
  • $75,000 to $99,999
    15.46%
  • $100,000 to $149,999
    6.04%
  • $150,000 to $199,999
    2.66%
  • $200,000 or more
    4.11%

Per Capita Income

The per capita income in 54540 is $36,918.00.

Per capita income is the average income of a person in a given area. It is calculated by dividing the total income of 54540 by the total population of 54540.

This is different from the average or mean income because it includes and accounts for all people living in the 54540 area, including people like children, the elderly, unemployed people, retired people, and more.

Education Levels

We can also look at the education levels in 54540 to see how many people have a high school degree, a bachelor's degree, or a graduate degree.

Educational attainment is a good indicator of the overall education level of a population, and can be used to compare against other metrics such as the average income, per capita income, and more to see how education levels affect income, unemployment rates, and more.

  • Master's degree or higher
    20.19%
  • Bachelor's degree
    27.84%
  • Some college or associate's degree
    15.08%
  • High school diploma or equivalent
    33.64%
  • Less than high school diploma
    3.25%

Employment

Employment rates are all based around the total population in 54540 that are over the age of 16.

Currently, the total population of the 54540 zip over the age of 16 is 782.

Of those people, a total of 46.50% are working or actively looking for work. This is called the labor force participation rate.

The participation rate is a useful market measure because it shows the relative amount of labor resources available to the economy.

The employment to total population rate in 54540 is 43.70%.

Employment by Age

We can look at the employment rates by age to see how it compares to the overall employment rate. Here's how that breaks down for the 54540 zip code.

Age Population Participation Unemployment Rate
16 to 19 years 8 75.00% 50.00%
20 to 24 years 42 69.00% 0.00%
25 to 29 years 31 74.20% 0.00%
30 to 34 years 20 45.00% 55.60%
35 to 44 years 40 100.00% 0.00%
45 to 54 years 123 77.20% 4.20%
55 to 59 years 75 44.00% 30.30%
60 to 64 years 182 49.50% 0.00%
65 to 74 years 117 22.20% 0.00%
75 years and over 144 9.00% 0.00%

Employment by Race

Another very interesting employment statistic we can look at is the employment and unemployment rates by race in 54540. The table below shows the rates for each of the ethnicity groups types defined by the US Census Bureau (which we mentioned earlier in this article).

Age Population Participation Unemployment Rate
White 707 50.90% 6.10%
Black or African American 0 0.00% 0.00%
American Indian and Alaska Native 6 0.00% 0.00%
Asian 0 0.00% 0.00%
Native Hawaiian and Other Pacific Islander 0 0.00% 0.00%
Other 0 0.00% 0.00%
Two or more races 69 5.80% 0.00%
Hispanic or Latino 30 26.70% 0.00%
Not Hispanic or Latino 699 50.40% 6.30%

Occupations

In this section we can look at the most common occupations for people living in the 54540 area as well as the gender breakdown and earnings of them.

The total population of civilian employees that are 16 years old or older in 54540 is 342, with median earnings of $33,125.00.

Women in 54540 are earning approximately 59.60% of the men's earnings.

Population Earnings
Total 342 $33,125.00
Male 187 $43,375.00
Female 155 $25,859.00

Occupations by Category

In the table below, we can break down the population and earnings for 54540 even further by occupation. The list of occupation categories below will show you how many people are employed in each category and the median earnings of each profession.

Occupation Employed Earnings
Management 26 $76,250.00
Business and Financial 15 $7,083.00
Computer and Mathematical 0 $0.00
Architecture and Engineering 4 $0.00
Life, Physical, and Social Science 10 $42,083.00
Community and Social Service 9 $31,250.00
Legal 0 $0.00
Educational and Library 10 $73,333.00
Arts, Design, Entertainment, Sports, and Media 16 $50,500.00
Healthcare Practitioners 11 $43,750.00
Healthcare Support 12 $0.00
Firefighters and Protective Service 4 $0.00
Law Enforcement 0 $0.00
Food Preparation and Serving 29 $13,438.00
Building and Grounds Cleaning 36 $14,688.00
Personal Care and Service 3 $0.00
Sales 29 $33,750.00
Office and Administrative Support 34 $17,500.00
Farming, Fishing, and Forestry 0 $0.00
Construction and Extraction 33 $52,125.00
Installation, Maintenance, and Repair 4 $0.00
Production 10 $21,667.00
Transportation and Material Moving 21 $44,583.00

Occupations by Gender

Now we can also look at the occupations by category for 54540 when it is broken down by male and female.

This lets us see how many male and females work in each occupation, the median earnings, and the male to female ratio of earnings for 54540.

That last metric is important because it can be used to look at the gender pay gap between men and women.

Occupation Male Female
Population Earnings Population Earnings
Management 18 $93,500.00 8 $0.00
Business and Financial 6 $0.00 9 $0.00
Computer and Mathematical 0 $0.00 0 $0.00
Architecture and Engineering 4 $0.00 0 $0.00
Life, Physical, and Social Science 3 $0.00 7 $0.00
Community and Social Service 2 $0.00 7 $30,417.00
Legal 0 $0.00 0 $0.00
Educational and Library 3 $0.00 7 $0.00
Arts, Design, Entertainment, Sports, and Media 0 $0.00 16 $50,500.00
Healthcare Practitioners 3 $0.00 8 $0.00
Healthcare Support 0 $0.00 12 $0.00
Firefighters and Protective Service 4 $0.00 0 $0.00
Law Enforcement 0 $0.00 0 $0.00
Food Preparation and Serving 3 $0.00 26 $14,375.00
Building and Grounds Cleaning 25 $17,841.00 11 $0.00
Personal Care and Service 0 $0.00 3 $0.00
Sales 18 $36,250.00 11 $14,583.00
Office and Administrative Support 4 $0.00 30 $19,167.00
Farming, Fishing, and Forestry 0 $0.00 0 $0.00
Construction and Extraction 33 $52,125.00 0 $0.00
Installation, Maintenance, and Repair 4 $0.00 0 $0.00
Production 10 $21,667.00 0 $0.00
Transportation and Material Moving 21 $44,583.00 0 $0.00

Households and Family Size

A household is defined by the US Census Bureau as a group of people who occupy a housing unit. A housing unit is a house, apartment, mobile home, group of rooms, or single room occupied as separate living quarters.

There are currently 414 households in 54540, with an average household size of 2.03 people.

A family is defined as a group of two or more people related by birth, marriage, or adoption who live together in the same household.

There are 270 families living in the 54540 zip code with an average family size of 2.4 people.

Households by Marital Status

The four categories of household by marital status are:

  • Married-couple family
  • Male householder with no spouse present
  • Female household with no spouse present
  • Nonfamily household

The table below shows the total number of households and families, with the average sizes of each, that live in 54540:

Married Male Female Nonfamily
Total Households 245 8 17 144
Average Household Size 2.47 1.75 3.94 1.07
Total Families 245 8 17 0
Average Household Size 2.38 1.75 3.06 0

Poverty

Of the 270 families living in 54540, 3.00% are considered to be below the poverty threshold.

The table below shows the latest poverty thresholds in 54540:

Household Size Poverty Threshold
1 Person $14,580.00
2 People $19,720.00
3 People $24,860.00
4 People $30,000.00
5 People $35,140.00
6 People $40,280.00
7 People $45,420.00
8 People $50,560.00

Housing

There are 1,522 housing units in 54540.

The table below shows the split between occupied and vacant units:

Total Percentage
Occupied 414 27.20%
Vacant 1,108 72.80%

3.42% of the total 1,522 housing units in 54540 are rental units. This is approximately 52 properties.

For owner-occupied housing units, a total of 357 are occupied by the owner - or 23.46% of the total.

Rental Rates

The median rent for a property in 54540 is $700.00.

In the chart below, we can look at the number of rental properties in 54540 that fall into a particular rent range. These can then be used to compare with other areas, or to see how they have changed over time.

  • No rent paid
    5
  • Less than $500
    0
  • $500 to $999
    46
  • $1,000 to $1,499
    3
  • $1,500 to $1,999
    3
  • $2,000 to $2,499
    0
  • $2,500 to $2,999
    0
  • $3,000 or more
    0

Property Value

The median value of a property in 54540 is $231,300.00.

Just like with rental rates, we can look at the number of properties in 54540 that fall into a particular value range.

  • Less than $50,000
    0
  • $50,000 to $99,999
    40
  • $100,000 to $149,999
    40
  • $150,000 to $199,999
    71
  • $200,000 to $299,999
    95
  • $300,000 to $499,999
    79
  • $500,000 to $999,999
    32
  • $1,000,000 or more
    0

Property Age

We can also look at the age of properties in 54540. The chart below shows the number of properties in 54540 that fall into a particular age range.

  • 1939 or earlier
    164
  • 1940 to 1949
    118
  • 1950 to 1959
    194
  • 1960 to 1969
    158
  • 1970 to 1979
    275
  • 1980 to 1989
    131
  • 1990 to 1999
    208
  • 2000 to 2009
    219
  • 2010 to 2013
    55
  • 2014 or later
    0

Vehicles per Household

The number of vehicles available per household can be a good indicator of the level of affluence in an area. The chart below shows the number of households in 54540 that have a particular number of vehicles available.

  • No vehicles available
    12
  • 1 vehicle available
    129
  • 2 vehicles available
    142
  • 3 or more vehicles available
    131

Commuting to Work

In this section, we can also look at how people in 54540 get to work. The chart below shows the number of people in 54540 that commute to work in a particular way.

24.3 minutes is the average travel time to work for people in 54540.

These commute times can be compared to other date like income and educational levels to see how they relate to each other and if there are any trends in the data that might suggest a correlation.

  • Less than 5 minutes
    20
  • 5 to 9 minutes
    53
  • 10 to 14 minutes
    42
  • 15 to 19 minutes
    28
  • 20 to 24 minutes
    12
  • 25 to 29 minutes
    14
  • 30 to 34 minutes
    22
  • 35 to 39 minutes
    29
  • 40 to 44 minutes
    30
  • 45 to 59 minutes
    49
  • 60 to 89 minutes
    7
  • 90 or more minutes
    0

Summary

We've covered a LOT of demographic and population data for 54540 in this article! Hopefully you have found it very useful in your research of the area.

If you use any of the data found on this page, please consider linking back to USPopulation.org as the source and if you have any feedback or data requests, click here to contact us.

States in 54540

If you want to see how the population and demographics of 54540 compare to other zip codes in Michigan, check out the list of all Michigan zip codes below: