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Michigan · Census place 57520

New Lothrop village, MI

Quick answer

New Lothrop village has 640 residents, ranking #510 of 745 places in Michigan. Median household income is $78,500, the median home is worth $178,100 and median gross rent runs $750 a month.

Population
640New Lothrop village residents
Median household income
$78,500Past 12 months, inflation adjusted
Median home value
$178,100Owner-occupied units
Median gross rent
$750Rent plus utilities, monthly
Median age
36.4 yrsAll residents
Homeownership rate
67.2%Owner-occupied households

What the numbers mean in New Lothrop village

Housing cost measured against local earnings.

A household earning the New Lothrop village median would spend about 11.5% 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 2.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 16.2% of residents and 67.2% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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