Laurium, MI Profile: Facts & Data


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Laurium, Michigan - Basic Facts

The Village of Laurium had a population of 1,894 as of July 1, 2020. Laurium ranks in the upper quartile for Population Density and the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Michigan. See peer rankings below.

The primary coordinate point for Laurium is located at latitude 47.2374 and longitude -88.4432 in Houghton County. The formal boundaries for the Village of Laurium encompass a land area of 0.65 sq. miles and a water area of 0 sq. miles. Houghton County is in the Eastern time zone (GMT -5). The elevation is 1,237 feet.

The Village of Laurium (GNIS ID: 2398401) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Laurium is located within Charter Township of Calumet, a minor civil division (MCD) of Houghton County.


Laurium, MI Data & Demographics (As of July 1, 2020)


Total Population 1,894 (100%)
Population in Households 1,894 (100.0%)
Population in Families 1,478 (78.0%)
Population in Group Quarters1 0
Population Density 2,917
Diversity Index2 12


Median Household Income $42,679
Average Household Income $56,158
% of Income for Mortgage4 9%
Per Capita Income $22,995
Wealth Index5 47


Total HU (Housing Units) 1,068 (100%)
Owner Occupied HU 552 (51.7%)
Renter Occupied HU 231 (21.6%)
Vacant Housing Units 285 (26.7%)
Median Home Value $87,679
Average Home Value $120,886
Housing Affordability Index3 260


Total Households 783
Average Household Size 2.42
Family Households 463
Average Family Size 3
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.


2010-2020 2020-2025
Population -0.42% -0.53%
Households -0.38% -0.52%
Families -0.57% -0.66%
Median Household Income   2.87%
Per Capita Income   2.84%
Owner Occupied HU   -0.33%


Laurium, MI - Peer Comparisons by Rank and Percentile

The table below compares Laurium to the other 692 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 312 55th
Population Density # 73 90th
Median Household Income # 522 25th
Housing Affordability Index # 534 77th
Per Capita Income # 508 27th
Diversity Index # 533 23rd

Additional comparisons and rankings can be made with a VERY EASY TO USE Michigan Census Data Comparison Tool.

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