Living in Lake Odessa, Michigan
Cost of living, income, home prices, rent and demographics of Lake Odessa · Census data 2020–2024
Lake Odessa has 2,155 residents with a median age of 31. The median household income is $62,813 (14% lower than the Michigan median), the median home value is $148,600, the median rent is $770/month.
Lake Odessa at a glance
- Population
- 2,155
- Median age
- 31State: 40.2
- Median household income
- $62,813State: $72,875
- Median home value
- $148,600State: $231,600
- Median rent
- $770/moState: $1,129
- Homeowners
- 77.4%
- Bachelor's degree or higher
- 21.3%
- Average commute
- 26 min
Is Lake Odessa a good place to live?
Pros: Home values 36% lower than the state median.
Cons: Median household income 14% lower than the Michigan median; an average commute of 26 minutes; unemployment of 9.5%; a poverty rate of 13.5%.
The weather is best in June to September.
Cost of living in Lake Odessa
Housing is the biggest part of the cost of living. In Lake Odessa the median home value is $148,600, 55% lower than the U.S. median. Renters pay a median of $770 per month, which is 31.3% of household income. Homeowners with a mortgage pay $1,338 a month in housing costs.
Lake Odessa median household income
The median household income in Lake Odessa is $62,813 and the income per person is $29,413. 13.5% of residents live below the poverty line (Michigan: 13.2%).
Housing in Lake Odessa: homes for sale and rent
- Housing units
- 754
- Owner-occupied
- 77.4%
- Renter-occupied
- 22.6%
- Vacant
- 6.8%Includes seasonal homes
- Median year built
- 1965
- Average household size
- 3.06
Lake Odessa demographics
- Population
- 2,155
- Median age
- 31
- Under 18
- 23.5%
- 65 and older
- 13.2%
- Households
- 703
- Foreign-born
- 0.5%
- Veterans
- 5.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Odessa ›
Education in Lake Odessa
21.3% of adults 25 and older in Lake Odessa have a bachelor's degree or higher (Michigan: 32.4%), and 7.9% have a graduate or professional degree.
Jobs and commute in Lake Odessa
- Unemployment rate
- 9.5%State: 5.7%
- Average commute
- 26 minState: 24 min
- Work from home
- 12.9%
- Drive alone
- 77.7%
- Public transit
- 0%
- Walk to work
- 3.3%
- Homes with broadband
- 90.2%
Lake Odessa vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Odessa | 2,155 | $62,813 | $148,600 | $770 |
| Woodland | 488 | $58,047 | $154,500 | $408 |
| Clarksville | 417 | $75,625 | $173,000 | $480 |
| Sunfield | 658 | $69,821 | $156,000 | $896 |
| Freeport | 523 | $66,250 | $175,600 | $779 |
| Saranac | 2,013 | $66,944 | $202,800 | $538 |
| Hastings | 7,520 | $58,286 | $174,500 | $745 |
| Vermontville | 790 | $53,750 | $138,500 | $907 |
| Mulliken | 501 | $81,429 | $165,900 | — |
More for people moving to Lake Odessa
Lake Odessa ZIP code ›Weather and climate ›Living in Lake Odessa: FAQ
What is the median household income in Lake Odessa, MI?
The median household income in Lake Odessa is $62,813, 14% lower than the Michigan median of $72,875 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lake Odessa?
The median home value in Lake Odessa is $148,600, compared with $231,600 in Michigan.
How much is rent in Lake Odessa?
The median gross rent in Lake Odessa is $770 per month, about 31.3% of household income.
Is Lake Odessa, MI a good place to live?
Pluses: home values 36% lower than the state median. Minuses: median household income 14% lower than the Michigan median; an average commute of 26 minutes; unemployment of 9.5%; a poverty rate of 13.5%.
What is the median age in Lake Odessa?
The median age in Lake Odessa is 31 years (Michigan: 40.2).
How long is the commute in Lake Odessa?
The average commute to work in Lake Odessa is 26 minutes; 12.9% of workers work from home.
What is the unemployment rate in Lake Odessa?
The unemployment rate in Lake Odessa is 9.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Odessa?
21.3% of adults in Lake Odessa have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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