Laurium, Michigan Unemployment

Laurium, Michigan has a population of 1,800, with a median household income of $68,200.

Current unemployment data for Laurium.

5.10%

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Population

1,800

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Median Income

$68,200

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Unemployment

5.10%

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Housing Price

$266,000

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Crime Rate

4.70

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Internet Speed

187.00 Mbps

Laurium is a small local community located in Michigan. The city has a population that is below the average city population in Michigan, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Laurium, located in Michigan, is a city that reflects important demographic and economic patterns within the region.

Population Overview

Laurium has a population of 1,800, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Laurium is $68,200, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Laurium average around $266,000, which is relatively high compared to other cities in Michigan.

Employment and Safety

The unemployment rate in Laurium is 5.10%, which is lower than the state average, indicating a relatively strong job market. Laurium has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Michigan, Laurium shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Laurium continues to play a role in shaping regional trends in Michigan, particularly in terms of economic and demographic factors.

Frequently Asked Questions about Laurium

What is the population of Laurium?

The population of Laurium is approximately 1,800.

Is Laurium a good place to live?

Laurium offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Laurium?

The median household income in Laurium is around $68,200.

How expensive is housing in Laurium?

The average housing price in Laurium is approximately $266,000.