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Lake Odessa village, Michigan Demographics & Population 2026

Very AffordableHome value to income ratio of 2.1x is exceptionally low

As of 2026, Lake Odessa village, Michigan has a total population of 2,174, the 294th largest city in Michigan, with a median household income of $71,157, which is about average than the state average. The poverty rate is 12.4%.

Key Takeaways

Lake Odessa village Quick Facts

Population 2,174
Median Household Income $71,157
Median Home Value $150,300
Poverty Rate 12.4%
Unemployment Rate 6.4%
Median Age 35.0 years
Homeownership Rate 79.8%
Affordability Ratio 2.1x
Bachelor's Degree or Higher 20.4%
High School Graduation Rate 91.7%
Diversity Index 31/100
Population 2,174 294th of 745
Median Income $71,157 above average
Poverty Rate 12.4% about average national
Median Home Value $150,300 average

How Lake Odessa village Compares

Economy & Housing

Employment

6.4% Unemployment Rate State: 5.8% | National: 5.2%
65.0% Labor Force Participation

Housing Overview

Owner 79.8%
Renter 20.2%
Affordability Index Very Affordable
2.1x home value to income ratio

People & Demographics

Diversity Index

31out of 100
Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 44 | National average: 60

Education

Lake Odessa village Rankings in Michigan

#294 Population of 745
#226 Median Income of 745
#353 Education of 745
#370 Home Value of 745

Cities Similar to Lake Odessa village

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Constantine village2,196$71,929$110,60011.8%16.9%
Perry city2,198$73,468$144,40019.6%16.6%
Leslie city2,167$67,355$124,10017.0%13.1%
Detroit Beach CDP2,231$73,478$163,4004.9%14.9%
Auburn city2,045$68,935$157,50039.6%6.9%

Population Overview

Lake Odessa village is a small community located in Michigan. The total population is 2,174. It ranks as the 294th most populous out of 745 cities and towns in Michigan.

Age Demographics

The median age in Lake Odessa village is 35.0 years. This is 13% lower than the state median of 40.1 years.

Economy, Income & Housing

The median household income in Lake Odessa village is $71,157. This is about average than the state median of $71,149. Compared to the national median of $78,538, household income here is 9% lower. The poverty rate stands at 12.4%. This is 5% lower than the state poverty rate of 13.1%. The unemployment rate is 6.4%. This is 10% higher than the state rate of 5.8%. The median home value is $150,300. Housing costs are 31% lower than the state median of $217,600. With a home-value-to-income ratio of just 2.1x, Lake Odessa village is one of the most affordable housing markets in the area. 79.8% of occupied housing units are owner-occupied. This homeownership rate is 9% higher than the state average of 72.9%.

Race & Ethnicity

The largest racial or ethnic group in Lake Odessa village is White (non-Hispanic), making up 81.7% of the population. Black or African American residents account for 3.6%. The Black or African American population (3.6%) is well below the state average of 13.2%. The Asian population (0.7%) is well below the state average of 3.3%.

Education

20.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 36% lower than the state rate of 31.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.7%.

Data Sources & Methodology

All demographic data for Lake Odessa village, Michigan is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Michigan state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 745 Census-designated places in Michigan. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Lake Odessa village, Michigan?

Lake Odessa village, Michigan has a population of 2,174 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Lake Odessa village, MI?

The median household income in Lake Odessa village is $71,157, which is 9% lower the national median of $78,538.

What is the poverty rate in Lake Odessa village, MI?

The poverty rate in Lake Odessa village is 12.4%. This means approximately 267 residents live below the federal poverty line.

What is the racial makeup of Lake Odessa village, Michigan?

Lake Odessa village's population is 81.7% White, 3.6% Black, 3.5% Hispanic/Latino, and 0.7% Asian.

What is the median home value in Lake Odessa village, MI?

The median home value in Lake Odessa village is $150,300. The home-value-to-income ratio is 2.1x.

How educated is Lake Odessa village, Michigan?

20.4% of adults (25+) in Lake Odessa village hold a bachelor's degree or higher, and 7.7% hold a graduate or professional degree.