Lake Odessa, MI
Population 2,174 · Michigan
About Lake Odessa, MI
Lake Odessa is a small town located in Michigan with a population of 2,174 residents according to the latest US Census Bureau American Community Survey data. The median household income is $71,157 per year, which is 5% below the national median of $75,149. The median age of 35 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Lake Odessa features a median home value of $150,300, which is 39% below the national median of $244,900. This positions Lake Odessa in a moderately priced market relative to the rest of the country. Median monthly rent is $688, 41% below the national average of $1,163/month. Of the 769 total housing units, 80% are owner-occupied (569 units) and 20% are renter-occupied (144 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Odessa shows an unemployment rate of 6.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 12.5%, above the national average of 12.4%. Workers in Lake Odessa have an average one-way commute time of 26.9 minutes.
Education & Demographics
20.4% of Lake Odessa residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 2.9% White, 9.0% Hispanic or Latino, 0.5% Black or African American, and 0.1% Asian residents, with 0.7% of the population being foreign-born.
Cost of Living in Lake Odessa, MI
Compared to national averages, Lake Odessa has a median household income of $71,157 (5% below the national median of $75,149). Home values average $150,300, which is 39% below the national median. Monthly rent at $688 is 41% below the US average of $1,163. Within Michigan, Lake Odessa's income is 8% above the state average of $66,017, and home values are 18% below the state median of $183,391.
Why Live in Lake Odessa, MI?
Lake Odessa offers affordable housing with a median home value of $150,300, below the US average of $244,900, and rent that’s lower than the national average at $688/month.
Potential considerations include median household income ($71,157) that falls below the national average. However, Lake Odessa’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Odessa has a population of 2,174 with a median age of 35 years. Compare Lake Odessa with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Lake Odessa
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| West Branch | 2,177 | $40,078 | $114,300 | Compare |
| Leslie | 2,167 | $67,355 | $124,100 | Compare |
| Bronson | 2,183 | $46,607 | $93,900 | Compare |
| Clio | 2,165 | $50,678 | $119,100 | Compare |
| Cass City | 2,189 | $55,500 | $102,300 | Compare |
| Yale | 2,157 | $50,673 | $112,100 | Compare |
| Constantine | 2,196 | $71,929 | $110,600 | Compare |
| Perry | 2,198 | $73,468 | $144,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lake Odessa With Other Cities
Frequently Asked Questions about Lake Odessa
What is the population of Lake Odessa, MI?
The population of Lake Odessa, MI is 2,174 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Michigan.
What is the median household income in Lake Odessa?
The median household income in Lake Odessa, MI is $71,157 per year, which is 5% below the national median of $75,149.
What is the median home value in Lake Odessa?
The median home value in Lake Odessa, MI is $150,300, which is 39% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Odessa?
The median monthly rent in Lake Odessa, MI is $688, which is 41% below the national average of $1,163/month.
What is the unemployment rate in Lake Odessa?
The unemployment rate in Lake Odessa, MI is 6.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lake Odessa, MI a good place to live?
Lake Odessa offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,174 and a median age of 35, the city appeals to a broad range of residents.
How educated is Lake Odessa, MI?
20.4% of residents in Lake Odessa aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lake Odessa?
Key cost-of-living indicators for Lake Odessa, MI: median home value is $150,300 (39% below national), median rent is $688/month, and median household income is $71,157. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Odessa?
The poverty rate in Lake Odessa, MI is 12.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Lake Odessa, MI?
Lake Odessa's population is 2.9% White, 9.0% Hispanic or Latino, 0.5% Black or African American, 0.1% Asian, and 3.6% two or more races. 0.7% of residents are foreign-born.