Leonard, MI
Population 359 · Michigan
About Leonard, MI
Leonard is a small community located in Michigan with a population of 359 residents according to the latest US Census Bureau American Community Survey data. The median household income is $91,250 per year, which is 21% above the national median of $75,149. The median age of 39.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Leonard features a median home value of $243,800, which is 0% below the national median of $244,900. This positions Leonard in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 152 total housing units, 97% are owner-occupied (122 units) and 3% are renter-occupied (4 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Leonard shows an unemployment rate of 5.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 3.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Leonard have an average one-way commute time of 34.9 minutes.
Education & Demographics
38.3% of Leonard residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.3% Hispanic or Latino, 0.3% Black or African American, and 2.2% Asian residents, with 0.6% of the population being foreign-born.
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.
Compare Leonard With Other Cities
Frequently Asked Questions about Leonard
What is the population of Leonard, MI?
The population of Leonard, MI is 359 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Michigan.
What is the median household income in Leonard?
The median household income in Leonard, MI is $91,250 per year, which is 21% above the national median of $75,149.
What is the median home value in Leonard?
The median home value in Leonard, MI is $243,800, which is 0% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Leonard?
The median monthly rent in Leonard, MI is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Leonard?
The unemployment rate in Leonard, MI is 5.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Leonard, MI a good place to live?
Leonard offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 359 and a median age of 39.3, the city appeals to a broad range of residents.
How educated is Leonard, MI?
38.3% of residents in Leonard 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 Leonard?
Key cost-of-living indicators for Leonard, MI: median home value is $243,800 (0% below national), median rent is $0/month, and median household income is $91,250. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Leonard?
The poverty rate in Leonard, MI is 3.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Leonard, MI?
Leonard's population is 0.0% White, 0.3% Hispanic or Latino, 0.3% Black or African American, 2.2% Asian, and 0.0% two or more races. 0.6% of residents are foreign-born.