New Lothrop, MI population, income and ZIP codes

New Lothrop village is a very small community in Michigan, with 640 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #510 of 745 ranked by population — larger than 31% of them. The median age here is 36.4 years against 39.1 nationally, a slightly younger profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in New Lothrop village earn a median of $78,500 a year, essentially level with the national figure of $78,538 and 27% above the $61,715 median for the 438 Michigan cities we cover. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 16.2% of residents here, above the 12.4% national rate.

The typical owner-occupied home in New Lothrop village is valued at $178,100, 41.3% below the national figure and 7% above the $166,100 peer median, while median gross rent runs $750 a month, 46.7% below the national figure, or roughly $9,000 across a full year. A household on the local median income would put about 11.5% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 2.3×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 67.2% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

With 640 residents, a handful of survey responses moves every median on this page. Compare New Lothrop village against its county rather than against national figures.

All values below were released by the Census for this exact geography, with no gap-filling on our side. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.