Laurium, MI
Population 1,486 · Michigan
About Laurium, MI
Laurium is a small community in Michigan with a population of 1,486 residents. The median household income is $42,206 per year, which is below the national average. The median age in Laurium is 48.3 years.
Housing in Laurium has a median home value of $87,600 and median monthly rent of $590. Of the 993 total housing units, the majority are owner-occupied, with 522 owner-occupied and 216 renter-occupied units.
The unemployment rate in Laurium is 0.9% and the poverty rate is 19.2%. 32.7% of residents hold a bachelor's degree or higher. The average commute time is 15.8 minutes.
How Laurium Ranks in Michigan
Cost of Living in Laurium, MI
Compared to national averages, Laurium has a median household income of $42,206 (44% below the national median of $75,149). Home values average $87,600, which is 64% below the national median. Monthly rent at $590 is 49% below the US average of $1,163. Within Michigan, Laurium's income is 36% below the state average of $66,017, and home values are 52% below the state median of $183,391.
Why Live in Laurium, MI?
Laurium offers affordable housing with a median home value of $87,600, below the US average of $244,900, and rent that’s lower than the national average at $590/month, and a strong job market with an unemployment rate of just 0.9%. Additionally, the city features short commute times averaging just 15.8 minutes.
Potential considerations include median household income ($42,206) that falls below the national average. However, Laurium’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Laurium has a population of 1,486 with a median age of 48.3 years. Compare Laurium with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Laurium
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Quincy | 1,487 | $59,079 | $111,800 | Compare |
| Mancelona | 1,496 | $50,430 | $123,900 | Compare |
| Ravenna | 1,472 | $73,233 | $191,300 | Compare |
| Mio | 1,504 | $47,578 | $96,600 | Compare |
| Shorewood-Tower Hills-Harbert | 1,468 | $80,642 | $296,000 | Compare |
| Newberry | 1,453 | $49,758 | $65,800 | Compare |
| Lake LeAnn | 1,522 | $85,417 | $258,400 | Compare |
| Fowler | 1,446 | $72,261 | $194,400 | 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.
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Frequently Asked Questions about Laurium
What is the population of Laurium, MI?
The population of Laurium, MI is 1,486 according to the latest Census data.
What is the median household income in Laurium?
The median household income in Laurium, MI is $42,206 per year.
What is the median home value in Laurium?
The median home value in Laurium, MI is $87,600.
What is the average rent in Laurium?
The median monthly rent in Laurium, MI is $590.
What is the unemployment rate in Laurium?
The unemployment rate in Laurium, MI is 0.9%.