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Laurium, Michigan

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
1,509
Population
$54,167
Median Income
$126,100
Home Value
46.1
Median Age

Demographics

Laurium has a population of 1,509 with a median age of 46.1. Here is the racial and ethnic breakdown of the population:

White
93.9%
Hispanic
5.4%
Black
1.3%
Demographic Value
Total Population1,509
Median Age46.1
White93.9%
Black or African American1.3%
Hispanic or Latino5.4%
Laurium, Michigan — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 101.White: 93.3%Hispanic/Latino: 5.4%Other: 1.3%1,509PopulationWhiteWhite93.3%Hispanic/LatinoHispanic/Latino5.4%OtherOther1.3%

Income & Economy

The median household income in Laurium is $54,167, which is 32.8% below the national median of $80,610. The per capita income is $33,067. The poverty rate is 16.0%.

$54,167
Median Household Income
$33,067
Per Capita Income
16.0%
Poverty Rate

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Education

In Laurium, 88.5% of residents age 25+ have a high school diploma or higher, and 31.1% hold a bachelor's degree or higher (16.5% with a graduate or professional degree).

HS Diploma+
88.5%
Bachelor's+
31.1%
Graduate+
16.5%
Education Level % of Adults (25+)
High School Diploma or Higher88.5%
Bachelor's Degree or Higher31.1%
Graduate or Professional Degree16.5%

Housing

The median home value in Laurium is $126,100, below the national median of $303,400. The median monthly rent is $808. The homeownership rate is 75.8%.

$126,100
Median Home Value
$808/mo
Median Rent
75.8%
Homeownership Rate
Housing Metric Value
Median Home Value$126,100
Median Monthly Rent$808
Homeownership Rate75.8%
Vacancy Rate18.4%

Salaries in Michigan

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Frequently Asked Questions

What is the population of Laurium, Michigan?
The population of Laurium, Michigan is 1,509 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Laurium, Michigan?
The median household income in Laurium, Michigan is $54,167. This is 32.8% below the national median of $80,610.
What is the median home value in Laurium, Michigan?
The median home value in Laurium, Michigan is $126,100. The median monthly rent is $808.
What percentage of people in Laurium have a college degree?
In Laurium, Michigan, 31.1% of adults age 25 and older hold a bachelor's degree or higher, and 88.5% have a high school diploma or higher.
Is Laurium, Michigan an affordable place to live?
The home price-to-income ratio in Laurium, Michigan is 2.3x (median home value $126,100 vs. median income $54,167), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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