Michigan · Census place 46360
Laurium village, MI
Quick answer
Laurium village has 1,486 residents, ranking #359 of 745 places in Michigan. Median household income is $42,206, the median home is worth $87,600 and median gross rent runs $590 a month.
- Population
- 1,486Laurium village residents
- Median household income
- $42,206Past 12 months, inflation adjusted
- Median home value
- $87,600Owner-occupied units
- Median gross rent
- $590Rent plus utilities, monthly
- Median age
- 48.3 yrsAll residents
- Homeownership rate
- 70.7%Owner-occupied households
What the numbers mean in Laurium village
Housing cost measured against local earnings.
A household earning the Laurium village median would spend about 16.8% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 19.2% of residents and 70.7% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Michigan.
- Mio CDP 1,504
- Mancelona village 1,496
- Quincy village 1,487
- Ravenna village 1,472
- Shorewood-Tower Hills-Harbert CDP 1,468
- Newberry village 1,453
- Fowler village 1,446
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