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Marquette County, MI

RANK #33 / 996  ·  POP 66,376  ·  MI

PROJECTED GROWTH: +3.7%

Marquette County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Marquette County?

Marquette County, Michigan, stands out for its direct access to Lake Superior and its extensive outdoor recreation opportunities. The city of Marquette, the largest in the Upper Peninsula, serves as the county seat and a central hub. It is situated on the southern shore of Lake Superior, offering a blend of natural scenery and urban amenities. Commuting within the county is facilitated by the Marq-Tran public transportation system, which operates fixed routes throughout Marquette, Negaunee, Ishpeming, and Gwinn. The community embraces an active lifestyle, with residents enjoying hiking, biking, fishing, and skiing across hundreds of miles of trails and numerous waterways.

Life in Marquette County offers a balance of natural beauty and community resources. The public schools in Marquette County are generally well-regarded. The economy is diverse, supported by institutions like Northern Michigan University and UP Health System. Recent economic developments include investments in commercial and residential properties, as well as projects in the energy and healthcare sectors. These developments contribute to a dynamic environment for residents, including families, young professionals, and those seeking a connection to the outdoors.

[02] Market Snapshot

Housing Ratio
4.5x

Below national median (4.7x)

GDP Growth
-3.4%

Contracting economy

Home Prices
+7.5%

Outpacing national median

Climate & Terrain
-1.1

Below-average climate & terrain

Price/Rent
10x

Strong rental yield

Housing is fairly valued at 4.5x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Marquette County U.S. National

The Numbers

DEMOGRAPHICS
Population
66,376
-0.01% YoY
Median Household Income
$63,115
Median Home Value
$184,300
+7.45% 12mo
Median Rent
$904
Average Annual Pay
$54,658
+4.4% YoY
Employment
26,385
+0.6% YoY
Income-to-Home-Value
0.3425
More affordable than average
Migration Inflow
4.14%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$200,000
Days on Market
67
Slower market
Months of Supply
4.0
Balanced market
Sale-to-List Ratio
96.7%
Negotiation room for buyers
Sold Above List
33.3%
Listings w/ Price Drops
13.1%
Building Permits (2024)
91
Single-Family Permits
89

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$907M
TOTAL
PROJECT AMOUNT STATUS
F.D. Kuester Generating Station
Upper Michigan Energy Resources Company
$275M Operating
Presque Isle - North Lake 138.0kV Wind Project
Undisclosed
$170M Planned
NMU Foundation Mixed-Use Development
NMU Foundation and Duke Life Point
$166M Planned
Superior Solar Energy Center
Invenergy (originally Savion)
$150M Proposed
Michigan Veterans Home
State of Michigan
$96M Planned
The Vault Marquette (Boutique Hotel, Commercial & Residential)
The Vault Marquette
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth -3.4% 2 percentile
Population Growth -0.0% 30 percentile
Income Growth +8.8% 60 percentile
Vacancy Rate 0.8% 79 percentile
Home Price Change +7.5% 98 percentile
Rent Growth +5.3% 82 percentile
Price/Rent 10x 87 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Marquette County, MI a good place to move to?

Marquette County has a Boom Town Index score of 97/100, ranking #33 among 996 U.S. counties. With job growth at +0.6% and a median household income of $63,115, it's an above-average county on economic indicators.

Is Marquette County affordable?

The median home value in Marquette County is $184,300 with median rent at $904/month. The income-to-home-value ratio is 0.3425, which is more affordable than the national average.

Is Marquette County growing or shrinking?

Population growth: -0.0% year-over-year. Job growth: +0.6%. Home values changed +7.5% in the past 12 months.

Are people moving to Marquette County?

Yes — 4.14% of Marquette County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Winnebago County, IL 100 Madison County, NY 100 Oswego County, NY 100 Valencia County, NM 100 Taylor County, TX 100 Allen County, OH 100 Newton County, MO 99 Dodge County, WI 99