Is Laurium, MI a Good Place to Live?
Laurium is a small town of 1,669 in Michigan, with a median household income of $42,292 and a 2.6% unemployment rate. Its cost of living index is 88 (US average = 100), which is 12% below the national average.
Strengths: Laurium stands out for an affordable cost of living, below-average home prices, lower-than-average crime, short average commutes.
Trade-offs: No major red flags stand out in the available data. Whether Laurium is right for you depends on your priorities — the full breakdown is below.
All Laurium 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: 87.8Laurium's overall cost of living index is 87.8, where 100 represents the US national average. Living in Laurium costs roughly 12% less than the average American city.
| Metric | Laurium, MI | National Avg |
|---|---|---|
| Median Home Value | $89,300 | $244,900 |
| Median Monthly Rent | $567 | $1,163 |
| Homeownership Rate | 71.2% | 65.9% |
| Median Household Income | $42,292 | $74,755 |
Crime & Safety
Very SafeLaurium's violent crime rate is 212.9 per 100,000 residents — 44% lower than the national average of ~380 per 100,000.
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
| Metric | Laurium, MI | National Avg |
|---|---|---|
| School District | N/A | — |
| Elementary Schools | N/A | — |
| Middle Schools | N/A | — |
| High Schools | N/A | — |
| Student/Teacher Ratio | N/A | 16:1 |
| Bachelor's Degree or Higher | 32.6% | 35.4% |
| High School Diploma or Higher | 88.9% | 91.1% |
Weather & Climate
Laurium sees average highs of 22.2°F in January and 75.4°F in July, with 34.7 inches of annual precipitation and 207.8 inches of snow per year.
| Metric | Laurium, MI |
|---|---|
| Average High — January | 22.2°F |
| Average High — July | 75.4°F |
| Annual Precipitation | 34.7" |
| Annual Snowfall | 207.8" |
Demographics
| Metric | Laurium, MI | National Avg |
|---|---|---|
| Population | 1,669 | — |
| Median Age | 44.1 | 38.9 |
| Unemployment Rate | 2.6% | 3.7% |
| Avg Commute Time | 15.5 min | 26 min |
| White (non-Hispanic) | 97.5% | 59.3% |
| Black or African American | 1.1% | 13.6% |
| Hispanic or Latino | 0.5% | 18.9% |
| Asian | 0.0% | 6.3% |
| Under 18 | 22.2% | 22.2% |
| 65 and over | 20.4% | 16.8% |