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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
Top Industries in Laurium (5)
County-level employment data (BLS QCEW). Sorted by employment.
Manufacturing
55 jobs
4 firms
$44,816/yr
Retail Trade
37 jobs
9 firms
$23,924/yr
Construction
19 jobs
8 firms
$56,590/yr
Other Services
14 jobs
5 firms
$43,502/yr
Agriculture & Forestry
12 jobs
4 firms
$46,315/yr
Industry Specialization (Location Quotient)
LQ > 1.0 means the industry is more concentrated here than the national average.
Agriculture & Forestry
3.10
Manufacturing
1.40
Other Services
0.97
Retail Trade
0.78
Construction
0.76
Thin line = national average (1.0)
Complete Industry Data
| Industry | Employment | Establishments | Avg Weekly Wage | Avg Annual Pay | LQ |
|---|---|---|---|---|---|
| Manufacturing | 55 | 4 | $862 | $44,816 | 1.40 |
| Retail Trade | 37 | 9 | $460 | $23,924 | 0.78 |
| Construction | 19 | 8 | $1,088 | $56,590 | 0.76 |
| Other Services | 14 | 5 | $837 | $43,502 | 0.97 |
| Agriculture & Forestry | 12 | 4 | $891 | $46,315 | 3.10 |