All Countries
Laurium, MI
Full City Profile · Michigan · Keweenaw County County
3.7
/5.0
B+
Good
1,486
Population
2,286/sq mi density
$42,206
Median Income
$32,151 per capita
$87,600
Home Value
$119,739 Zillow
$590
Median Rent
36.1% income on rent
41°F
Avg Temperature
253 sunny days/yr
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$42,206 median income, 0.6% unemployment
A+
Affordability
5.0 / 5.0
$87,600 home value, $590/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
B+
Education
3.6 / 5.0
32.7% bachelor's degree or higher
Income Overview
Median Household Income
$42,206
44% below
US avg: $75,149
Per Capita Income
$32,151
18% below
US avg: $39,052
Unemployment Rate
0.6%
83% below
US avg: 3.6%
Poverty Rate
9.1%
27% below
US avg: 12.4%
Income Comparison: Laurium vs. U.S. Average
Each bar shows Laurium’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$42,206
56%
Per Capita
US: $39,052
$32,151
82%
IRS Avg AGI
US: $72,000
$67,299
93%
Avg Weekly Wage
US: $1,432
$684
48%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$684
52% below US avg ($1,432)
Mean Commute Time
16 min
43% below US avg (28 min)
Work From Home
6.2%
59% below US avg (15.2%)
Drive Alone
66.3%
9% below US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$77M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
66.3%
Public Transit
0%
Work From Home
6.2%
Other
27.5%
Average commute time
16 minutes
US avg: 28 min
Business Landscape
Total Establishments
85
Restaurants
19
Retail
9
Manufacturing
5
Tax & Financial
IRS Avg Adjusted Gross Income
$67,299
7% below US avg ($72,000)
Avg Property Tax
$6,600
89% above US avg ($3,500)
Cost of Living Index
96.2
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $42,206 |
| Per Capita Income | $32,151 |
| IRS Avg Adjusted Gross Income | $67,299 |
| Avg Weekly Wage | $684 |
| County GDP | $77M |
Hardship Indicators
| Unemployment Rate | 0.6% |
| Poverty Rate | 9.1% |
| Gini Coefficient | 0.457 |
| Cost of Living Index | 96.2 |
Commute
| Mean Commute | 16 minutes |
| Drive Alone | 66.3% |
| Public Transit | 0.0% |
| Work From Home | 6.2% |
Businesses
| Total Establishments | 85 |
| Restaurants | 19 |
| Retail | 9 |
| Manufacturing | 5 |
Tax
| IRS Avg AGI | $67,299 |
| Avg Property Tax | $6,600 |