Median Income
$66,397
household / year
Median Home Value
$139,000
owner-occupied
Median Rent
$710
gross / month
Cost of Living
95
national avg = 100

Is Lake Odessa, MI a Good Place to Live?

Lake Odessa is a small town of 2,129 in Michigan, with a median household income of $66,397 and a 5.6% unemployment rate. Its cost of living index is 95 (US average = 100), which is 5% below the national average.

Strengths: Lake Odessa stands out for an affordable cost of living, below-average home prices.

Trade-offs: Potential downsides include longer commutes, an elevated unemployment rate. Whether Lake Odessa is right for you depends on your priorities — the full breakdown is below.

All Lake Odessa city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 95.2

Lake Odessa's overall cost of living index is 95.2, where 100 represents the US national average. Living in Lake Odessa costs roughly 5% less than the average American city.

Metric Lake Odessa, MI National Avg
Median Home Value $139,000 $244,900
Median Monthly Rent $710 $1,163
Homeownership Rate 77.0% 65.9%
Median Household Income $66,397 $74,755

Crime & Safety

Very Safe

Lake Odessa's violent crime rate is 69.6 per 100,000 residents — 82% lower than the national average of ~380 per 100,000.

Violent Crime
69.6 /100k
Property Crime
180.8 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Lake Odessa is served primarily by Lakewood Public Schools. The student-to-teacher ratio is 19.7:1 (slightly above the national average of ~16:1).

Metric Lake Odessa, MI National Avg
School District Lakewood Public Schools
Elementary Schools 2
Middle Schools 1
High Schools 1
Student/Teacher Ratio 19.7:1 16:1
Bachelor's Degree or Higher 15.3% 35.4%
High School Diploma or Higher 88.8% 91.1%

Weather & Climate

Lake Odessa sees average highs of 28.9°F in January and 80.9°F in July, with 35.9 inches of annual precipitation and 54.2 inches of snow per year.

MetricLake Odessa, MI
Average High — January28.9°F
Average High — July80.9°F
Annual Precipitation35.9"
Annual Snowfall54.2"

Demographics

MetricLake Odessa, MINational Avg
Population2,129
Median Age36.038.9
Unemployment Rate5.6%3.7%
Avg Commute Time30.7 min26 min
White (non-Hispanic)86.4%59.3%
Black or African American2.5%13.6%
Hispanic or Latino2.0%18.9%
Asian1.3%6.3%
Under 1822.1%22.2%
65 and over19.0%16.8%

Nearby Cities

ZIP Codes in Lake Odessa

Lake Odessa, MI is covered by 1 ZIP code:

Lake Odessa vs Other Cities

Frequently Asked Questions

Lake Odessa's cost of living index is 95, where 100 is the national average. That makes Lake Odessa roughly 5% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $139,000 and median rent is $710/month.
Lake Odessa's violent crime rate is 69.6 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 180.8 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Lake Odessa are operated by Lakewood Public Schools. The district has 2 elementary, 1 middle, and 1 high schools. The student-to-teacher ratio is 19.7:1. 15.3% of adults 25+ hold a bachelor's degree or higher.
Lake Odessa, MI has a population of 2,129, a median household income of $66,397, and an unemployment rate of 5.6%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Lake Odessa averages 28.9°F in January and 80.9°F in July. Annual rainfall is 35.9 inches with about 54.2 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Lake Odessa, MI is covered by 1 ZIP code: 48849.
The population of Lake Odessa, Michigan is 2,129 with a median age of 36.0. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Lake Odessa: cost of living index 95 (100 = US average), median home $139,000, median household income $66,397, crime index 14 (100 = US average, lower is safer), schools rated C+. Whether these are benefits or drawbacks depends on where you're coming from — compare Lake Odessa side by side with your current city to see the trade-offs.