Living in New Lothrop, Michigan
Cost of living, income, home prices, rent and demographics of New Lothrop · Census data 2020–2024
New Lothrop has 733 residents with a median age of 35.4. The median household income is $72,344 (about the same as the Michigan median), the median home value is $205,700, the median rent is $765/month.
New Lothrop is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
New Lothrop at a glance
- Population
- 733
- Median age
- 35.4State: 40.2
- Median household income
- $72,344State: $72,875
- Median home value
- $205,700State: $231,600
- Median rent
- $765/moState: $1,129
- Homeowners
- 71%
- Bachelor's degree or higher
- 21.5%
- Average commute
- 31 min
Is New Lothrop a good place to live?
Pros: Home values 11% lower than the state median.
Cons: Median household income about the same as the Michigan median; an average commute of 31 minutes; a poverty rate of 13.6%.
The weather is best in June to September.
Cost of living in New Lothrop
Housing is the biggest part of the cost of living. In New Lothrop the median home value is $205,700, 38% lower than the U.S. median. Renters pay a median of $765 per month, which is 27.9% of household income. Homeowners with a mortgage pay $1,538 a month in housing costs.
New Lothrop median household income
The median household income in New Lothrop is $72,344 and the income per person is $31,162. 13.6% of residents live below the poverty line (Michigan: 13.2%).
Housing in New Lothrop: homes for sale and rent
- Housing units
- 303
- Owner-occupied
- 71%
- Renter-occupied
- 29%
- Vacant
- 7.9%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 2.63
New Lothrop demographics
- Population
- 733
- Median age
- 35.4
- Under 18
- 26.9%
- 65 and older
- 16.8%
- Households
- 279
- Foreign-born
- 0.4%
- Veterans
- 4.9%Adults 18+
Hispanic or Latino can be of any race. Population history of New Lothrop ›
Education in New Lothrop
21.5% of adults 25 and older in New Lothrop have a bachelor's degree or higher (Michigan: 32.4%), and 10.3% have a graduate or professional degree.
Jobs and commute in New Lothrop
- Unemployment rate
- 0%State: 5.7%
- Average commute
- 31 minState: 24 min
- Work from home
- 15.3%
- Drive alone
- 72.1%
- Public transit
- 0%
- Walk to work
- 8%
- Homes with broadband
- 90%
New Lothrop vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Lothrop | 733 | $72,344 | $205,700 | $765 |
| Montrose | 2,027 | $44,151 | $113,300 | $822 |
| Flushing | 8,284 | $80,025 | $204,500 | $944 |
| Burt | 1,339 | $90,156 | $203,400 | — |
| Chesaning | 2,484 | $59,777 | $136,700 | $679 |
| Lennon | 465 | $66,111 | $167,600 | $850 |
| Oakley | 257 | $53,750 | $84,000 | $907 |
| Henderson | 320 | $73,750 | $173,100 | $1,031 |
| Corunna | 3,037 | $46,141 | $151,000 | $932 |
More for people moving to New Lothrop
New Lothrop ZIP code ›Weather and climate ›Living in New Lothrop: FAQ
What is the median household income in New Lothrop, MI?
The median household income in New Lothrop is $72,344, about the same as 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 New Lothrop?
The median home value in New Lothrop is $205,700, compared with $231,600 in Michigan.
How much is rent in New Lothrop?
The median gross rent in New Lothrop is $765 per month, about 27.9% of household income.
Is New Lothrop, MI a good place to live?
Pluses: home values 11% lower than the state median. Minuses: median household income about the same as the Michigan median; an average commute of 31 minutes; a poverty rate of 13.6%.
What is the median age in New Lothrop?
The median age in New Lothrop is 35.4 years (Michigan: 40.2).
How long is the commute in New Lothrop?
The average commute to work in New Lothrop is 31 minutes; 15.3% of workers work from home.
What is the unemployment rate in New Lothrop?
The unemployment rate in New Lothrop is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Lothrop?
21.5% of adults in New Lothrop 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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