South Lyon, Michigan Median Income

South Lyon, Michigan has a population of 12,400, with a median household income of $68,200.

Current median income data for South Lyon.

$68,200

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Population

12,400

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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

223.00 Mbps

South Lyon is a small local community located in Michigan. The city has a population that is above 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.

South Lyon is a notable city in Michigan, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

South Lyon has a population of 12,400, which is higher than the state average. This indicates a relatively larger urban presence within Michigan.

Income and Economy

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

Housing Market

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

Employment and Safety

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

City Comparison

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

As part of Michigan, South Lyon contributes to the broader economic and social landscape, offering insights into regional development.

Frequently Asked Questions about South Lyon

What is the population of South Lyon?

The population of South Lyon is approximately 12,400.

Is South Lyon a good place to live?

South Lyon 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 South Lyon?

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

How expensive is housing in South Lyon?

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