Lamont, MI
Population 1,078 · Michigan
About Lamont, MI
Lamont is a small town located in Michigan with a population of 1,078 residents according to the latest US Census Bureau American Community Survey data. The median household income is $158,456 per year, which is 111% above the national median of $75,149. The median age of 41.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lamont features a median home value of $469,200, which is 92% above the national median of $244,900. This places Lamont in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 367 total housing units, 100% are owner-occupied (367 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lamont shows an unemployment rate of 1.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lamont have an average one-way commute time of 26.5 minutes.
Education & Demographics
47.0% of Lamont residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Lamont Ranks in Michigan
Cost of Living in Lamont, MI
Compared to national averages, Lamont has a median household income of $158,456 (111% above the national median of $75,149). Home values average $469,200, which is 92% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Lamont's income is 140% above the state average of $66,017, and home values are 156% above the state median of $183,391.
Why Live in Lamont, MI?
Lamont offers a strong local economy with a median household income of $158,456, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 1.3%. Additionally, the city features a well-educated community where 47.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 0.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $469,200. However, Lamont’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lamont has a population of 1,078 with a median age of 41.3 years. Compare Lamont with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Lamont
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lakes of the North | 1,076 | $65,536 | $169,600 | Compare |
| Fostoria | 1,081 | $95,491 | $140,400 | Compare |
| Dollar Bay | 1,070 | $63,500 | $196,200 | Compare |
| Farwell | 1,086 | $40,667 | $95,800 | Compare |
| Pigeon | 1,093 | $49,500 | $108,100 | Compare |
| Deckerville | 1,057 | $59,375 | $81,900 | Compare |
| Coloma | 1,051 | $62,778 | $160,400 | Compare |
| Lakeview | 1,049 | $30,865 | $152,900 | 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 Lamont With Other Cities
Frequently Asked Questions about Lamont
What is the population of Lamont, MI?
The population of Lamont, MI is 1,078 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 Lamont?
The median household income in Lamont, MI is $158,456 per year, which is 111% above the national median of $75,149.
What is the median home value in Lamont?
The median home value in Lamont, MI is $469,200, which is 92% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lamont?
The median monthly rent in Lamont, MI is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lamont?
The unemployment rate in Lamont, MI is 1.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lamont, MI a good place to live?
Lamont offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,078 and a median age of 41.3, the city appeals to a broad range of residents.
How educated is Lamont, MI?
47.0% of residents in Lamont aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lamont?
Key cost-of-living indicators for Lamont, MI: median home value is $469,200 (92% above national), median rent is $0/month, and median household income is $158,456. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lamont?
The poverty rate in Lamont, MI is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lamont, MI?
Lamont's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.9% two or more races. 0.0% of residents are foreign-born.