Leonard, MI
Population 359 · Michigan
About Leonard, MI
Leonard is a small community in Michigan with a population of 359 residents. The median household income is $91,250 per year, which is above the national average. The median age in Leonard is 39.3 years.
Housing in Leonard has a median home value of $243,800 and median monthly rent of $0. Of the 152 total housing units, the majority are owner-occupied, with 122 owner-occupied and 4 renter-occupied units.
The unemployment rate in Leonard is 5.6% and the poverty rate is 3.6%. 38.3% of residents hold a bachelor's degree or higher. The average commute time is 34.9 minutes.
Cost of Living in Leonard, MI
Compared to national averages, Leonard has a median household income of $91,250 (21% above the national median of $75,149). Home values average $243,800, which is 0% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Leonard's income is 38% above the state average of $66,017, and home values are 33% above the state median of $183,391.
Why Live in Leonard, MI?
Leonard offers a strong local economy with a median household income of $91,250, well above the national average, and affordable housing with a median home value of $243,800, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a well-educated community where 38.3% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.6%, better than the national average.
Leonard has a population of 359 with a median age of 39.3 years. Compare Leonard with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Leonard
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fife Lake | 359 | $67,188 | $185,200 | Compare |
| Jasper | 358 | $54,643 | $124,100 | Compare |
| Manistee Lake | 364 | $52,917 | $153,600 | Compare |
| Painesdale | 353 | $62,436 | $84,800 | Compare |
| Zeba | 353 | $42,500 | $97,000 | Compare |
| Horton Bay | 352 | $76,833 | $275,000 | Compare |
| Prescott | 352 | $55,673 | $71,100 | Compare |
| Grand Beach | 368 | $115,000 | $1,081,700 | 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 Leonard
What is the population of Leonard, MI?
The population of Leonard, MI is 359 according to the latest Census data.
What is the median household income in Leonard?
The median household income in Leonard, MI is $91,250 per year.
What is the median home value in Leonard?
The median home value in Leonard, MI is $243,800.
What is the average rent in Leonard?
The median monthly rent in Leonard, MI is $0.
What is the unemployment rate in Leonard?
The unemployment rate in Leonard, MI is 5.6%.