Lathrup Village, MI
Population 4,049 · Michigan
About Lathrup Village, MI
Lathrup Village is a small town located in Michigan with a population of 4,049 residents according to the latest US Census Bureau American Community Survey data. The median household income is $99,286 per year, which is 32% above the national median of $75,149. The median age of 47.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Lathrup Village features a median home value of $270,900, which is 11% above the national median of $244,900. This positions Lathrup Village in a moderately priced market relative to the rest of the country. Median monthly rent is $1,497, 29% above the national average of $1,163/month. Of the 1,587 total housing units, 92% are owner-occupied (1,429 units) and 8% are renter-occupied (123 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lathrup Village shows an unemployment rate of 7.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 5.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lathrup Village have an average one-way commute time of 23.2 minutes.
Education & Demographics
51.1% of Lathrup Village 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 1.0% White, 0.0% Hispanic or Latino, 0.2% Black or African American, and 1.8% Asian residents, with 5.0% of the population being foreign-born.
Cost of Living in Lathrup Village, MI
Compared to national averages, Lathrup Village has a median household income of $99,286 (32% above the national median of $75,149). Home values average $270,900, which is 11% above the national median. Monthly rent at $1,497 is 29% above the US average of $1,163. Within Michigan, Lathrup Village's income is 50% above the state average of $66,017, and home values are 48% above the state median of $183,391.
Why Live in Lathrup Village, MI?
Lathrup Village offers a strong local economy with a median household income of $99,286, well above the national average, and a well-educated community where 51.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.6%, better than the national average. Additionally, the city features short commute times averaging just 23.2 minutes.
Lathrup Village has a population of 4,049 with a median age of 47.1 years. Compare Lathrup Village with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Lathrup Village
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Marine City | 4,047 | $63,156 | $146,500 | Compare |
| Otsego | 4,079 | $76,944 | $155,500 | Compare |
| North Muskegon | 4,089 | $101,087 | $241,100 | Compare |
| South Haven | 3,994 | $64,338 | $372,200 | Compare |
| Lowell | 4,133 | $71,406 | $231,100 | Compare |
| Belleville | 3,961 | $59,929 | $162,700 | Compare |
| Dorr | 3,952 | $95,575 | $262,400 | Compare |
| Roosevelt Park | 4,148 | $60,938 | $178,600 | 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.
Compare Lathrup Village With Other Cities
Frequently Asked Questions about Lathrup Village
What is the population of Lathrup Village, MI?
The population of Lathrup Village, MI is 4,049 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 Lathrup Village?
The median household income in Lathrup Village, MI is $99,286 per year, which is 32% above the national median of $75,149.
What is the median home value in Lathrup Village?
The median home value in Lathrup Village, MI is $270,900, which is 11% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lathrup Village?
The median monthly rent in Lathrup Village, MI is $1,497, which is 29% above the national average of $1,163/month.
What is the unemployment rate in Lathrup Village?
The unemployment rate in Lathrup Village, MI is 7.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lathrup Village, MI a good place to live?
Lathrup Village offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 4,049 and a median age of 47.1, the city appeals to established professionals and retirees.
How educated is Lathrup Village, MI?
51.1% of residents in Lathrup Village 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 Lathrup Village?
Key cost-of-living indicators for Lathrup Village, MI: median home value is $270,900 (11% above national), median rent is $1,497/month, and median household income is $99,286. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lathrup Village?
The poverty rate in Lathrup Village, MI is 5.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lathrup Village, MI?
Lathrup Village's population is 1.0% White, 0.0% Hispanic or Latino, 0.2% Black or African American, 1.8% Asian, and 62.1% two or more races. 5.0% of residents are foreign-born.