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New Lothrop village, Michigan Demographics & Population 2026

Very AffordableHome value to income ratio of 2.3x is exceptionally low

As of 2026, New Lothrop village, Michigan has a total population of 640, the 510th largest city in Michigan, with a median household income of $78,500, which is 10% higher than the state average. The poverty rate is 16.3%.

Key Takeaways

New Lothrop village Quick Facts

Population 640
Median Household Income $78,500
Median Home Value $178,100
Poverty Rate 16.3%
Unemployment Rate 0.0%
Median Age 36.4 years
Homeownership Rate 67.2%
Affordability Ratio 2.3x
Bachelor's Degree or Higher 20.2%
High School Graduation Rate 87.9%
Diversity Index 6/100
Population 640 510th of 745
Median Income $78,500 top 30%
Poverty Rate 16.3% 31% higher national
Median Home Value $178,100 above average

How New Lothrop village Compares

Economy & Housing

Employment

0.0% Unemployment Rate State: 5.8% | National: 5.2%
62.0% Labor Force Participation

Housing Overview

Owner 67.2%
Renter 32.8%
Affordability Index Very Affordable
2.3x home value to income ratio

People & Demographics

Diversity Index

6out of 100
Very Low Diversity

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

State average: 44 | National average: 60

Education

New Lothrop village Rankings in Michigan

#510 Population of 745
#149 Median Income of 745
#356 Education of 745
#276 Home Value of 745

Cities Similar to New Lothrop village

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Unionville village627$74,356$100,3008.7%11.7%
Parma village653$71,413$121,30020.5%12.4%
Freeport village615$72,868$154,90017.5%14.9%
Britton village695$78,125$157,50016.6%11.1%
Bay Shore CDP607$72,538$116,30025.9%10.5%

Population Overview

New Lothrop village is a small community located in Michigan. The total population is 640. It ranks as the 510th most populous out of 745 cities and towns in Michigan.

Age Demographics

The median age in New Lothrop village is 36.4 years. This is 9% lower than the state median of 40.1 years.

Economy, Income & Housing

The median household income in New Lothrop village is $78,500. This is 10% higher than the state median of $71,149. Compared to the national median of $78,538, household income here is about average. The poverty rate stands at 16.3%. This is 25% higher than the state poverty rate of 13.1%. The unemployment rate is 0.0%. This is 100% lower than the state rate of 5.8%. The median home value is $178,100. Housing costs are 18% lower than the state median of $217,600. With a home-value-to-income ratio of just 2.3x, New Lothrop village is one of the most affordable housing markets in the area. 67.2% of occupied housing units are owner-occupied. This homeownership rate is 8% lower than the state average of 72.9%.

Race & Ethnicity

New Lothrop village has a predominantly White (non-Hispanic) population, comprising 96.9% of all residents. Hispanic or Latino residents account for 2.0%. The Hispanic or Latino population (2.0%) is well below the state average of 5.7%.

Education

20.2% 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 87.9%.

Data Sources & Methodology

All demographic data for New Lothrop 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 New Lothrop village, Michigan?

New Lothrop village, Michigan has a population of 640 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in New Lothrop village, MI?

The median household income in New Lothrop village is $78,500, which is about average the national median of $78,538.

What is the poverty rate in New Lothrop village, MI?

The poverty rate in New Lothrop village is 16.3%. This means approximately 104 residents live below the federal poverty line.

What is the racial makeup of New Lothrop village, Michigan?

New Lothrop village's population is 96.9% White, 0.0% Black, 2.0% Hispanic/Latino, and 0.0% Asian.

What is the median home value in New Lothrop village, MI?

The median home value in New Lothrop village is $178,100. The home-value-to-income ratio is 2.3x.

How educated is New Lothrop village, Michigan?

20.2% of adults (25+) in New Lothrop village hold a bachelor's degree or higher, and 8.6% hold a graduate or professional degree.