Laurium village, Michigan Demographics & Population 2026

Population Overview

Laurium village is a small community located in Michigan. The total population is 1,486. It ranks as the 359th most populous out of 745 cities and towns in Michigan.

Age Demographics

The median age in Laurium village is 48.3 years. This is 20% higher than the state median of 40.1 years.

Economy, Income & Housing

The median household income in Laurium village is $42,206. This is 41% lower than the state median of $71,149. Compared to the national median of $78,538, household income here is 46% lower. The poverty rate stands at 19.3%. This is 48% higher than the state poverty rate of 13.1%. The unemployment rate is 0.9%. This is 84% lower than the state rate of 5.8%. The median home value is $87,600. Housing costs are 60% lower than the state median of $217,600. With a home-value-to-income ratio of just 2.1x, Laurium village is one of the most affordable housing markets in the area. 70.7% of occupied housing units are owner-occupied. This homeownership rate is 3% lower than the state average of 72.9%.

Race & Ethnicity

Laurium village has a predominantly White (non-Hispanic) population, comprising 92.2% of all residents. Hispanic or Latino residents account for 3.8%. The Black or African American population (1.6%) is well below the state average of 13.2%.

Education

32.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 3% higher 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 92.0%. Notably, 16.4% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Laurium 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.