Median Income
$42,292
household / year
Median Home Value
$89,300
owner-occupied
Median Rent
$567
gross / month
Cost of Living
88
national avg = 100

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: 87.8

Laurium'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 Safe

Laurium's violent crime rate is 212.9 per 100,000 residents — 44% lower than the national average of ~380 per 100,000.

Violent Crime
212.9 /100k
Property Crime
266.1 /100k

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.

MetricLaurium, MI
Average High — January22.2°F
Average High — July75.4°F
Annual Precipitation34.7"
Annual Snowfall207.8"

Demographics

MetricLaurium, MINational Avg
Population1,669—
Median Age44.138.9
Unemployment Rate2.6%3.7%
Avg Commute Time15.5 min26 min
White (non-Hispanic)97.5%59.3%
Black or African American1.1%13.6%
Hispanic or Latino0.5%18.9%
Asian0.0%6.3%
Under 1822.2%22.2%
65 and over20.4%16.8%

Nearby Cities

Laurium vs Other Cities

Frequently Asked Questions

Laurium's cost of living index is 88, where 100 is the national average. That makes Laurium roughly 12% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $89,300 and median rent is $567/month.
Laurium's violent crime rate is 212.9 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 266.1 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
School district information is sourced from NCES Common Core of Data.
Laurium, MI has a population of 1,669, a median household income of $42,292, and an unemployment rate of 2.6%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Laurium averages 22.2°F in January and 75.4°F in July. Annual rainfall is 34.7 inches with about 207.8 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
The population of Laurium, Michigan is 1,669 with a median age of 44.1. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Laurium: cost of living index 88 (100 = US average), median home $89,300, median household income $42,292, crime index 39 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare Laurium side by side with your current city to see the trade-offs.