Living in Lake Orion, Michigan
Cost of living, income, home prices, rent and demographics of Lake Orion · Census data 2020–2024
Lake Orion has 2,863 residents with a median age of 42.5. The median household income is $101,318 (39% higher than the Michigan median), the median home value is $376,600, the median rent is $798/month.
Lake Orion at a glance
- Population
- 2,863
- Median age
- 42.5State: 40.2
- Median household income
- $101,318State: $72,875
- Median home value
- $376,600State: $231,600
- Median rent
- $798/moState: $1,129
- Homeowners
- 72.6%
- Bachelor's degree or higher
- 49.6%
- Average commute
- 28 min
Is Lake Orion a good place to live?
Pros: Median household income 39% higher than the Michigan median; unemployment of 0.7%; a poverty rate of 9.2%.
Cons: Home values 63% higher than the state median; an average commute of 28 minutes.
The weather is best in June to September.
Cost of living in Lake Orion
Housing is the biggest part of the cost of living. In Lake Orion the median home value is $376,600, 13% higher than the U.S. median. Renters pay a median of $798 per month, which is 29.1% of household income. Homeowners with a mortgage pay $2,431 a month in housing costs.
Lake Orion median household income
The median household income in Lake Orion is $101,318 and the income per person is $56,041. 9.2% of residents live below the poverty line (Michigan: 13.2%).
Housing in Lake Orion: homes for sale and rent
- Housing units
- 1,416
- Owner-occupied
- 72.6%
- Renter-occupied
- 27.4%
- Vacant
- 14.8%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 2.31
Lake Orion demographics
- Population
- 2,863
- Median age
- 42.5
- Under 18
- 16.1%
- 65 and older
- 19.9%
- Households
- 1,206
- Foreign-born
- 5.7%
- Veterans
- 3.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Orion ›
Education in Lake Orion
49.6% of adults 25 and older in Lake Orion have a bachelor's degree or higher (Michigan: 32.4%), and 16.5% have a graduate or professional degree.
Jobs and commute in Lake Orion
- Unemployment rate
- 0.7%State: 5.7%
- Average commute
- 28 minState: 24 min
- Work from home
- 23.3%
- Drive alone
- 66.8%
- Public transit
- 0%
- Walk to work
- 1.6%
- Homes with broadband
- 94.4%
Lake Orion vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Orion | 2,863 | $101,318 | $376,600 | $798 |
| Oxford | 3,474 | $83,611 | $347,800 | $962 |
| Auburn Hills | 25,105 | $84,375 | $245,000 | $1,477 |
| Lake Angelus | 238 | $216,908 | $1,052,100 | — |
| Leonard | 346 | $76,875 | $245,200 | — |
| Rochester | 12,934 | $111,750 | $473,200 | $1,350 |
| Rochester Hills | 77,089 | $120,694 | $409,800 | $1,644 |
| Pontiac | 62,104 | $44,329 | $121,700 | $1,063 |
| Village of Clarkston | 874 | $93,452 | $457,800 | $1,382 |
More for people moving to Lake Orion
Lake Orion ZIP code ›Weather and climate ›Living in Lake Orion: FAQ
What is the median household income in Lake Orion, MI?
The median household income in Lake Orion is $101,318, 39% higher 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 Orion?
The median home value in Lake Orion is $376,600, compared with $231,600 in Michigan.
How much is rent in Lake Orion?
The median gross rent in Lake Orion is $798 per month, about 29.1% of household income.
Is Lake Orion, MI a good place to live?
Pluses: median household income 39% higher than the Michigan median; unemployment of 0.7%; a poverty rate of 9.2%. Minuses: home values 63% higher than the state median; an average commute of 28 minutes.
What is the median age in Lake Orion?
The median age in Lake Orion is 42.5 years (Michigan: 40.2).
How long is the commute in Lake Orion?
The average commute to work in Lake Orion is 28 minutes; 23.3% of workers work from home.
What is the unemployment rate in Lake Orion?
The unemployment rate in Lake Orion is 0.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Orion?
49.6% of adults in Lake Orion 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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