New Lothrop, MI
Population 640 · Michigan
About New Lothrop, MI
New Lothrop is a small community located in Michigan with a population of 640 residents according to the latest US Census Bureau American Community Survey data. The median household income is $78,500 per year, which is 4% above the national median of $75,149. The median age of 36.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in New Lothrop features a median home value of $178,100, which is 27% below the national median of $244,900. This positions New Lothrop in a moderately priced market relative to the rest of the country. Median monthly rent is $750, 36% below the national average of $1,163/month. Of the 283 total housing units, 67% are owner-occupied (176 units) and 33% are renter-occupied (86 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New Lothrop shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 16.3%, above the national average of 12.4%. Workers in New Lothrop have an average one-way commute time of 34 minutes.
Education & Demographics
20.2% of New Lothrop residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 2.0% White, 0.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in New Lothrop, MI
Compared to national averages, New Lothrop has a median household income of $78,500 (4% above the national median of $75,149). Home values average $178,100, which is 27% below the national median. Monthly rent at $750 is 36% below the US average of $1,163. Within Michigan, New Lothrop's income is 19% above the state average of $66,017, and home values are 3% below the state median of $183,391.
Why Live in New Lothrop, MI?
New Lothrop offers a strong local economy with a median household income of $78,500, well above the national average, and affordable housing with a median home value of $178,100, below the US average of $244,900, and rent that’s lower than the national average at $750/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%.
New Lothrop has a population of 640 with a median age of 36.4 years. Compare New Lothrop with other cities to see how it stacks up, or explore all cities in Michigan.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New Lothrop
What is the population of New Lothrop, MI?
The population of New Lothrop, MI is 640 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 New Lothrop?
The median household income in New Lothrop, MI is $78,500 per year, which is 4% above the national median of $75,149.
What is the median home value in New Lothrop?
The median home value in New Lothrop, MI is $178,100, which is 27% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Lothrop?
The median monthly rent in New Lothrop, MI is $750, which is 36% below the national average of $1,163/month.
What is the unemployment rate in New Lothrop?
The unemployment rate in New Lothrop, MI is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is New Lothrop, MI a good place to live?
New Lothrop offers above-average incomes, affordable housing, and a strong job market. With a population of 640 and a median age of 36.4, the city appeals to a broad range of residents.
How educated is New Lothrop, MI?
20.2% of residents in New Lothrop aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in New Lothrop?
Key cost-of-living indicators for New Lothrop, MI: median home value is $178,100 (27% below national), median rent is $750/month, and median household income is $78,500. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New Lothrop?
The poverty rate in New Lothrop, MI is 16.3%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is New Lothrop, MI?
New Lothrop's population is 2.0% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.