Gogebic County, MI
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 46.49, -89.79.
Assembled 2026-10-06. Read the brief.
- 10th pct · 2,748th of 3,063 US counties · median $234,566
- 1st pct · 82nd of 83 Michigan counties · median $226,891
- 82nd pct · 535th of 3,063 US counties · median +2.9%
- 56th pct · 37th of 83 Michigan counties · median +5.7%
- US counties: not published this period
- Michigan counties: not published this period
- 37th pct · 2,019th of 3,221 US counties · median 8,232
- 24th pct · 63rd of 83 Michigan counties · median 12,414
- 17th pct · 2,658th of 3,221 US counties · median $1,039
- 15th pct · 70th of 83 Michigan counties · median $1,045
- 17th pct · 2,520th of 3,063 US counties · median 4.3
- 7th pct · 77th of 83 Michigan counties · median 4.1
Typical home value divided by the average annual wage of one covered job.
A percentile here is a min-max scaling of average rank: the smallest published value in the cohort is 0 and the largest is 100, and tied values share the average of the ranks they span. It is not the share of entities below the value, so 0 means smallest, not none below. Entities that did not publish the metric are outside the cohort entirely and are counted in neither the rank nor its denominator.
Home values #
Typical home $134,710 (Aug 2026), +6.3% over one year, +26.2% over five
- 10th pct · 2,748th of 3,063 US counties · median $234,566
- 1st pct · 82nd of 83 Michigan counties · median $226,891
| Item | Value | Distance |
|---|---|---|
| Gogebic County, MI | $134,710 · +6.3% 1-yr |
Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.
Rents #
Zillow publishes no rent index for this area (ZORI covers about 1,400 counties)
- US counties: not published this period
- Michigan counties: not published this period
Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).
What the typical home costs to carry #
Principal and interest of $737 a month on $134,710 at 7.28%, against an average weekly wage worth $3,857 a month: 19.1% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $134,710 × 80% = $107,768, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $737/mo principal and interest
- wage share = payment / (avg weekly wage $890 × 52 / 12 = $3,857) = 19% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
- years of wages = $134,710 / ($890 × 52) = 2.9
The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.
Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.
Jobs & wages #
5,020 jobs at 413 employers (2026 Q1); +2.6% jobs and +3.5% average weekly wage over the year
- 37th pct · 2,019th of 3,221 US counties · median 8,232
- 24th pct · 63rd of 83 Michigan counties · median 12,414
| Item | Value | Distance |
|---|---|---|
| Gogebic County, MI | 5,020 jobs · $890/wk · +2.6% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Retail trade | 788 | $590 | 1.61 | +5.1% |
| Manufacturing | 596 | $921 | 1.48 | +4.9% |
| Accommodation and food services | 493 | $666 | 1.09 | -16.6% |
| Arts, entertainment and recreation | 277 | $442 | 3.35 | +25.9% |
| Construction | 179 | $993 | 0.68 | +0.0% |
| Other services | 155 | $1,636 | 1.03 | +6.2% |
| Finance and insurance | 97 | $1,983 | 0.47 | -3.0% |
| Agriculture, forestry, fishing | 79 | $1,140 | 2.18 | +0.0% |
| Professional and technical services | 72 | $917 | 0.21 | -7.7% |
| Wholesale trade | 56 | $977 | 0.29 | +0.0% |
| Information | 30 | $867 | 0.32 | +0.0% |
| Administrative and waste services | 26 | $879 | 0.09 | +62.5% |
BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.
Drought #
D2 severe drought
Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.
US Drought Monitor current week; the highest class of any polygon containing the point.
Reservoirs #
No reservoir gauges within 150 km (or the camera is above the gauge altitude)
Sites found: 0, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.
Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.
Stream gauges #
41 gauges · 0 flooding · 6 with quality panels averaging 100 % · 24 stale
Sites found: 41, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
| Site | Reading | Distance |
|---|---|---|
| PRESQUE ISLE RIVER NEAR TULA, MI | flow 64.4 ft³/s · out of service · STALE | 7 km |
| WEST BRANCH ONTONAGON RIVER NEAR BERGLAND, MI | flow 39.1 ft³/s · no flooding | 22 km |
| BLACK RIVER NEAR BESSEMER, MI | flow 25.8 ft³/s · no flooding | 22 km |
| PRESQUE ISLE RIVER NEAR CONNORVILLE, MI | flow 37.5 ft³/s · quality 100 % (3) | 27 km |
| CISCO BRANCH ONTONAGON R AT CISCO LAKE OUTLET, MI | flow 0.54 ft³/s | 37 km |
| SOUTH BRANCH ONTONAGON RIVER AT EWEN, MI | flow 115.0 ft³/s · observation not current · STALE | 40 km |
| USGS-460819089530500 | stage 1,601 ft · STALE | 40 km |
| MANITOWISH RIVER AT ST HWY 51 NR MANITOWISH WATERS | flow 112.0 ft³/s · STALE | 40 km |
| LITTLE TURTLE RIVER AT GARNET STREET AT MERCER, WI | flow 2.70 ft³/s · STALE | 42 km |
| MERCER LAKE STORM SEWER @ BOAT LANDING @ MERCER,WI | flow 0.01 ft³/s · STALE | 42 km |
USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.
Groundwater #
8 wells in 1 named aquifer: Sand and gravel aquifers (glaciated regions)
Sites found: 8, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
| Site | Reading | Distance |
|---|---|---|
| USGS-463046090092401 | depth 6.30 ft · 1976-06-22 | 28 km |
| USGS-463026090133301 | depth 16.5 ft · 1976-06-05 | 34 km |
| USGS-465002089321601 | depth 13.2 ft · 1964-09-16 | 43 km |
| USGS-460150089362401 | depth -1.00 ft · 2021-11-03 | 53 km |
| Sand and gravel aquifers (glaciated regions) | depth 3.22 ft · 2018-02-06 | 65 km |
| Sand and gravel aquifers (glaciated regions) | depth 3.51 ft · 2018-02-06 | 65 km |
| Sand and gravel aquifers (glaciated regions) | depth 3.04 ft · 2018-02-06 | 65 km |
| USGS-461257088542001 | depth 95.7 ft · 1964-09-23 | 74 km |
USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.
Water stress #
moderate (0.32)
Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.50 + 0.2×0.00 / 0.55
Banks & federal dollars #
$206.8 m in deposits at 4 offices of 3 banks (SOD June 2026); HHI 3,601, highly concentrated. $147.5 m federal obligations in FY2026 (direct payments $123.8 m, grants $11.9 m), $29,376 per covered job
| Item | Value | Distance |
|---|---|---|
| IncredibleBank | $94.9 m · 45.9% share · 1 office | |
| Flagstar Bank, National Association | $64.2 m · 31.1% share · 1 office | |
| The First National Bank of Wakefield | $47.7 m · 23.1% share · 2 offices | |
| Gogebic, MI | $147.5 m FY2026 · $29,376/job | |
| MULTIPLE RECIPIENTS | $110.6 m · top recipient FY2026 |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| IncredibleBank | $94,880,000 | 45.9% | 1 |
| Flagstar Bank, National Association | $64,231,000 | 31.1% | 1 |
| The First National Bank of Wakefield | $47,695,000 | 23.1% | 2 |
Deposit concentration is 3,601 across 3 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.
HHI = Σ (share %)² over 3 banks with deposits in the county = 45.9² + 31.1² + 23.1² = 3,601
FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.
Federal obligations #
USAspending place-of-performance obligations for FY2026, by awarding agency.
| Awarding agency | Obligations |
|---|---|
| Social Security Administration | $97,253,319 |
| Department of Transportation | $14,692,569 |
| Department of Veterans Affairs | $12,712,561 |
| Department of Defense | $7,045,229 |
| Department of Agriculture | $5,415,774 |
| Department of the Interior | $3,029,112 |
| Department of Education | $2,754,353 |
| Department of Health and Human Services | $1,666,563 |
| Department of Housing and Urban Development | $1,624,948 |
| Railroad Retirement Board | $615,039 |
| Department of Energy | $582,997 |
| Federal Communications Commission | $41,996 |
That is $29,376 per covered job, against 5,020 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $147.5 m / 5,020 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $29,376
USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.
National context, not this county #
These are United States, single-gauge, single-state and port series. None of them is keyed to this county.
| Series | Latest | As of | Change |
|---|---|---|---|
| Mississippi River at Memphis, stage · ft | not published | not published | |
| Mississippi River at St. Louis, stage · ft | not published | not published | |
| Ohio River at Louisville, stage · ft | 12.28 | 2026-10-04 | -0.1% |
| Missouri River at St. Joseph, stage · ft | not published | not published | |
| Colorado River below Hoover Dam, flow (Hoover releases) · ft³/s | 5,170.00 | 2026-02-05 | -25.3% |
| Texas reservoirs, statewide percent full · % | 72.60 | 2026-10-06 | +0.0% |
| Laredo truck crossings, monthly · trucks | 258,700.00 | 2026-08-01 | -0.4% |
| Los Angeles + Long Beach container volume, annual · TEU | 10,513,167.00 | 2023-01-01 | -13.5% |
| Containerships waiting for a berth, all US ports · ships | 6.00 | 2026-09-22 | -14.3% |
| Shanghai to Los Angeles container rate · $ per 40 ft box | 6,830.00 | 2026-08-01 | +7.4% |
| US diesel retail price · $ per gallon | unavailable | not published | |
| WTI crude oil, spot · $ per barrel | 96.16 | 2026-09-29 | -3.2% |
| 30-year fixed mortgage rate · % | 7.28 | 2026-10-01 | +3.6% |
| Housing starts, annual rate · thousands of units | 1,275.00 | 2026-08-01 | -2.6% |
| Building permits, annual rate · thousands of units | 1,403.00 | 2026-08-01 | -2.1% |
| Case-Shiller US home price index · index, Jan 2000 = 100 | 337.31 | 2026-07-01 | +0.1% |
| Unemployment rate · % | 4.20 | 2026-09-01 | +2.4% |
| US goods and services trade balance, monthly · $ millions | -88,576.00 | 2026-07-01 | -24.4% |
| Retail sales excluding food services, monthly · $ millions | 646,347.00 | 2026-08-01 | +1.1% |
The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.
What changed #
Gogebic County, MI: 7 findings, 7 noted
noteGogebic County, MI's average weekly wage was 3.5% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +3.5 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteGogebic County, MI's covered employment was 2.6% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +2.6 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteGogebic County, MI's typical home value rose 0.4% from $134,230 in July 2026 to $134,710 in August 2026, on Zillow ZHVI.
Period 2026-08.Show the arithmetic
- +0.4% = (134709.81665082648 - 134229.5196886868) / 134229.5196886868 × 100
- 134709.81665082648 = Zillow ZHVI, 2026-08
- 134229.5196886868 = Zillow ZHVI, 2026-07
noteGogebic County, MI's typical home value of $134,710 ranks 82nd of 83 Michigan counties, against a median of $226,891.
Period 2026-08.Show the arithmetic
- 1 on the 0-to-100 scale across 83 Michigan counties that published home.latest
position among the entities that published this metric this period; not an official level
noteGogebic County, MI's momentum index of 0.70 ranks 196th of 3,221 US counties, against a median of 0.23.
Period 2026-08.Show the arithmetic
- 94 on the 0-to-100 scale across 3221 US counties that published momentum
- momentum = Σ wᵢ · clip(changeᵢ / scaleᵢ, −1, 1) / Σ wᵢ over the terms present; weights and scales: home value 1-yr change 0.3 (±10%), rent 1-yr change 0.15 (±10%), jobs over-the-year change 0.3 (±3%), avg weekly wage over-the-year change 0.25 (±6%)
position among the entities that published this metric this period; not an official level
Read all 7 findings in the full brief
Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.