Lake Odessa, MI

Full City Profile · Michigan · Ionia County County

3.8 /5.0
B+ Good
2,174 Population 2,443/sq mi density
$71,157 Median Income $34,531 per capita
$150,300 Home Value $266,530 Zillow
$688 Median Rent 25.0% income on rent
47°F Avg Temperature
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$71,157 median income, 6.4% unemployment
A+
Affordability
5.0 / 5.0
$150,300 home value, $688/mo rent
C+
Education
2.6 / 5.0
20.4% bachelor's degree or higher

Lake Odessa, MI

At a Glance

Median Income
$71,157
5% below
$34,531 per capita
Home Value
$150,300
47% below
Zillow: $266,530
Median Rent
$688/mo
41% below
25.0% of income on rent
Bachelor's Degree+
20.4%
39% below
91.7% high school+
Unemployment
6.4%
78% above
6.8% poverty rate
Obesity Rate
38.8%
21% above
14.9% smoking rate
Avg Temperature
47°F

How Lake Odessa Compares to the U.S. Average

Each bar shows Lake Odessa's value as a percentage of the national average (100% = U.S. avg)

Income
95%
Home Value
53%
Rent
59%
Poverty
55%
Bachelor's
61%
Unemployment
178%
Thin vertical line = U.S. national average (100%)

Is Lake Odessa a Good Place to Live?

B+
3.8 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Lake Odessa residents earn a median household income of $71,157 , which is 5% below the national average of $75,149. Per capita income is $34,531. The unemployment rate stands at 6.4% (78% above the U.S. rate of 3.6%). 6.8% of residents live below the poverty line. The area is home to 1,090 business establishments, including 85 restaurants.

Housing & Cost of Living

The median home value in Lake Odessa is $150,300 , 47% below the national median of $281,900. Zillow estimates the typical home at $266,530. Median rent is $688/month, with 25.0% of renters spending more than 30% of income on housing. The cost of living index is 96.2 (100 = national average). The median home was built in 1964.

Education

20.4% of adults in Lake Odessa hold a bachelor's degree or higher (39% below the national average). 91.7% have completed high school. Local schools score 5.3/10 in standardized testing.

Climate & Weather

Lake Odessa has an average annual temperature of 47°F (8°C). Winters average 22°F in January while summers reach 71°F in July. Annual precipitation totals 35.9 inches.

Data Overview

People

Population2,174
Median Age35.0 yrs
Density2,443/mi²
Male / Female50% / 50%
Foreign Born0.7%
Veterans6.0%

Economy

B+
Median Income$71,157
Per Capita$34,531
Unemployment6.4%
Poverty6.8%
County GDP$2,329M
Avg Weekly Wage$935

Housing

A+
Home Value$150,300
Rent$688
Ownership79.8%
Zillow$266,530
Housing Units825
Rent Burden25.0%

Health

Obesity38.8%
Diabetes9.2%
Smoking14.9%
Heart Disease5.4%
Premature Death6,910/100K

Climate

Avg Temp47°F
Rain35.9 in/yr
Elevation856 ft

Education

C+
Bachelor's+20.4%
High School+91.7%
Graduate+6.5%
School Score5.3/10

Community

2024 VoteR 65% / D 33%
Commute27 min
Broadband89.1%
Internet Speed92 Mbps
EV Stations1
Libraries7

Did You Know?

The median home in Lake Odessa was built in 1964.
The nearest airport is Gerald R Ford International (21 miles).
The Gini coefficient (income inequality) is 0.376 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
17.9% of the population has a disability.
The county recorded 7 fatal vehicle crashes.