Lathrop, MO
Population 2,646 · Missouri
About Lathrop, MO
Lathrop is a small town located in Missouri with a population of 2,646 residents according to the latest US Census Bureau American Community Survey data. The median household income is $76,468 per year, which is 2% above the national median of $75,149. The median age of 36.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lathrop features a median home value of $156,500, which is 36% below the national median of $244,900. This positions Lathrop in a moderately priced market relative to the rest of the country. Median monthly rent is $850, 27% below the national average of $1,163/month. Of the 977 total housing units, 66% are owner-occupied (606 units) and 34% are renter-occupied (318 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Lathrop shows an unemployment rate of 4.2%, which is near the national rate of 3.7%. The poverty rate stands at 17.5%, above the national average of 12.4%. Workers in Lathrop have an average one-way commute time of 28.5 minutes.
Education & Demographics
17.1% of Lathrop 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 6.6% White, 2.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.6% of the population being foreign-born.
Cost of Living in Lathrop, MO
Compared to national averages, Lathrop has a median household income of $76,468 (2% above the national median of $75,149). Home values average $156,500, which is 36% below the national median. Monthly rent at $850 is 27% below the US average of $1,163. Within Missouri, Lathrop's income is 25% above the state average of $61,047, and home values are 4% above the state median of $150,786.
Why Live in Lathrop, MO?
Lathrop offers a strong local economy with a median household income of $76,468, well above the national average, and affordable housing with a median home value of $156,500, below the US average of $244,900, and rent that’s lower than the national average at $850/month.
Lathrop has a population of 2,646 with a median age of 36.7 years. Compare Lathrop with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Lathrop
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Mountain View | 2,648 | $51,005 | $114,900 | Compare |
| Tipton | 2,680 | $45,370 | $119,900 | Compare |
| Strafford | 2,609 | $60,670 | $148,100 | Compare |
| Oronogo | 2,685 | $81,111 | $186,300 | Compare |
| Green Park | 2,688 | $75,833 | $215,100 | Compare |
| Riverview | 2,688 | $53,506 | $74,000 | Compare |
| Clarkson Valley | 2,592 | $238,333 | $821,100 | Compare |
| Marionville | 2,701 | $50,250 | $125,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Missouri
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lathrop With Other Cities
Frequently Asked Questions about Lathrop
What is the population of Lathrop, MO?
The population of Lathrop, MO is 2,646 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Missouri.
What is the median household income in Lathrop?
The median household income in Lathrop, MO is $76,468 per year, which is 2% above the national median of $75,149.
What is the median home value in Lathrop?
The median home value in Lathrop, MO is $156,500, which is 36% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lathrop?
The median monthly rent in Lathrop, MO is $850, which is 27% below the national average of $1,163/month.
What is the unemployment rate in Lathrop?
The unemployment rate in Lathrop, MO is 4.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lathrop, MO a good place to live?
Lathrop offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 2,646 and a median age of 36.7, the city appeals to a broad range of residents.
How educated is Lathrop, MO?
17.1% of residents in Lathrop 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 Lathrop?
Key cost-of-living indicators for Lathrop, MO: median home value is $156,500 (36% below national), median rent is $850/month, and median household income is $76,468. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lathrop?
The poverty rate in Lathrop, MO is 17.5%, 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 Lathrop, MO?
Lathrop's population is 6.6% White, 2.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.2% two or more races. 2.6% of residents are foreign-born.