New Lothrop, MI
Population 640 · Michigan
About New Lothrop, MI
New Lothrop is a small community in Michigan with a population of 640 residents. The median household income is $78,500 per year, which is above the national average. The median age in New Lothrop is 36.4 years.
Housing in New Lothrop has a median home value of $178,100 and median monthly rent of $750. Of the 283 total housing units, the majority are owner-occupied, with 176 owner-occupied and 86 renter-occupied units.
The unemployment rate in New Lothrop is 0.0% and the poverty rate is 16.3%. 20.2% of residents hold a bachelor's degree or higher. The average commute time is 34 minutes.
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 Census data.
What is the median household income in New Lothrop?
The median household income in New Lothrop, MI is $78,500 per year.
What is the median home value in New Lothrop?
The median home value in New Lothrop, MI is $178,100.
What is the average rent in New Lothrop?
The median monthly rent in New Lothrop, MI is $750.
What is the unemployment rate in New Lothrop?
The unemployment rate in New Lothrop, MI is 0.0%.