Lake Orion, MI
Population 2,873 · Michigan
About Lake Orion, MI
Lake Orion is a small community in Michigan with a population of 2,873 residents. The median household income is $98,871 per year, which is above the national average. The median age in Lake Orion is 43.8 years.
Housing in Lake Orion has a median home value of $346,700 and median monthly rent of $757. Of the 1,437 total housing units, the majority are owner-occupied, with 890 owner-occupied and 320 renter-occupied units.
The unemployment rate in Lake Orion is 0.9% and the poverty rate is 8.4%. 45.8% of residents hold a bachelor's degree or higher. The average commute time is 28.7 minutes.
How Lake Orion Ranks in Michigan
Cost of Living in Lake Orion, MI
Compared to national averages, Lake Orion has a median household income of $98,871 (32% above the national median of $75,149). Home values average $346,700, which is 42% above the national median. Monthly rent at $757 is 35% below the US average of $1,163. Within Michigan, Lake Orion's income is 50% above the state average of $66,017, and home values are 89% above the state median of $183,391.
Why Live in Lake Orion, MI?
Lake Orion offers a strong local economy with a median household income of $98,871, well above the national average, and rent that’s lower than the national average at $757/month, and a strong job market with an unemployment rate of just 0.9%. Additionally, the city features a well-educated community where 45.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 8.4%, better than the national average.
Lake Orion has a population of 2,873 with a median age of 43.8 years. Compare Lake Orion with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Lake Orion
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rogers City | 2,873 | $47,601 | $93,500 | Compare |
| Kincheloe | 2,875 | $53,333 | $98,100 | Compare |
| Manistique | 2,844 | $39,761 | $83,600 | Compare |
| St. Helen | 2,841 | $42,091 | $85,300 | Compare |
| Norway | 2,835 | $50,025 | $87,300 | Compare |
| Ithaca | 2,831 | $62,375 | $126,600 | Compare |
| Almont | 2,830 | $81,511 | $233,100 | Compare |
| Bath | 2,938 | $64,375 | $202,600 | 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.
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Frequently Asked Questions about Lake Orion
What is the population of Lake Orion, MI?
The population of Lake Orion, MI is 2,873 according to the latest Census data.
What is the median household income in Lake Orion?
The median household income in Lake Orion, MI is $98,871 per year.
What is the median home value in Lake Orion?
The median home value in Lake Orion, MI is $346,700.
What is the average rent in Lake Orion?
The median monthly rent in Lake Orion, MI is $757.
What is the unemployment rate in Lake Orion?
The unemployment rate in Lake Orion, MI is 0.9%.