Everything You Should Know Before Moving to Laurium, MI
Considering a move to Laurium, MI? This close-knit village of 1,800 offers affordable living, with median home prices around $63,000 and average rents at $670. Residents enjoy short 13-minute commutes, low violent crime (139 per 100K), and access to solid local schools and healthcare. While winters are snowy and brisk, Laurium stands out for its strong community feel, low cost of living, and proximity to Michigan Tech for higher education and cultural opportunities.
Demographics - Laurium, MI
Demographics - Laurium, MI
Laurium is a small village of about 1,800 residents, with a predominantly White population and a median age of 42, indicating a mature and stable community. The area is fairly dense for its size, and while English is the main language, a small percentage speak other languages at home. The balanced gender ratio and established population make it appealing for families and retirees looking for a close-knit environment.
Population:
1,808
Density:
2,100 per sq mi
Median Age:
42.3
Gender Ratio:
93 males per 100 females
Non-English Speakers Percentage:
5.1%
Ethnic Composition
White:
94.5%
Black:
0.7%
Asian:
0.6%
Others:
4.2%
Cost Of Living
What is the average cost of living in Laurium, MI?
Laurium offers a highly affordable lifestyle, with a median home value around $63,000 and average rents of $670, making it attractive for budget-minded movers. Its cost of living index is well below the national average, particularly for housing, while utilities and groceries remain reasonable. Low state taxes also help residents stretch their income further.
Median House Value:
$63,000
Gross Rent:
$670
Monthly Electricity Charges:
$110
Auto Insurance:
$1,230
House Owner Cost With Mortgage:
$1,045
House Owner Cost Without Mortgage:
$380
State Taxes:
Low:
4.25%
|
High:
6.0%
Cost Of Living Index:
79.5
Grocery:
91.2
Housing:
44.8
Utilities:
102.4
Transportation:
85.7
Health Care:
98.6
Miscellaneous:
93.2
Crime
Is Laurium, MI a safe place to live?
Laurium is generally a safe community, with a low violent crime rate of 139 incidents per 100,000 people and a property crime rate of 1,420 per 100,000. Residents have a 1 in 720 chance of experiencing violent crime, which is lower than many similarly sized towns. This makes Laurium a reassuring choice for families and individuals prioritizing safety.
Violent Crimes Per 100k:
139
Property Crimes Per 100k:
1,420
Crime Index:
1,559
Chance Of Violent Crime:
1 in 720
Chance Of Property Crime:
1 in 70
Weather
What is the weather like in Laurium, MI year-round?
Laurium experiences cold, snowy winters with average lows around 7°F and mild summers peaking at 76°F, so residents should be prepared for seasonal changes. The area receives about 35 inches of rainfall annually and enjoys sunshine nearly half the year. The local climate is ideal for those who appreciate distinct seasons and outdoor winter activities.
Winter
Min:
7°F
Max:
23°F
Spring
Min:
29°F
Max:
54°F
Summer
Min:
52°F
Max:
76°F
Fall
Min:
33°F
Max:
54°F
Average Rainfall Inches:
34.8 inches
Sunny Days Percentage:
48%
Neighbors
Laurium has a friendly, tight-knit atmosphere, with a median household income of $37,400 and a family income of $52,000. The community boasts a high rate of high school graduates and a typical commute of just over 13 minutes, making daily life convenient. While the poverty rate is higher than average, the area’s affordability helps many residents maintain a comfortable lifestyle.
Median Income:
$24,000
Household Income:
$37,400
Family Income:
$52,000
Per Capita Income:
$20,900
Income Male:
$29,200
Income Female:
$22,400
Poverty Rate:
22.1%
Non English Speakers:
5.1%
Rent:
$670
Unemployment Rate:
5.7%
Public Transport Usage:
0.6%
Commute Time:
13.5 minutes
Education
High School or Higher:
91.1%
Bachelors or More:
18.5%
Education
How are the schools in Laurium, MI?
Laurium families benefit from local public schools like CLK Elementary and Washington Middle School, both offering small class sizes and community-focused education. Private options and proximity to Michigan Technological University in Houghton provide opportunities for advanced learning. The area’s educational resources support students from early years through college.
Public Schools
Name:
CLK Elementary School
Street:
57070 Mine St
Phone:
906-337-0311
Students:
380
Student Teacher Ratio:
15.5
Name:
Washington Middle School
Street:
1400 Calumet Ave
Phone:
906-337-0311
Students:
320
Student Teacher Ratio:
16.1
Private Schools
Name:
Sacred Heart School
Street:
433 W. Quincy St
Phone:
906-337-5652
Students:
85
Colleges
Name:
Michigan Technological University
City:
Houghton
State:
MI
Distance:
13 miles
Students:
7,000
Healthcare
Residents have convenient access to Aspirus Keweenaw Hospital, offering general and emergency care within the village. With 1.7 physicians per 1,000 residents and over 92% health insurance coverage, healthcare is accessible for most locals. The healthcare index reflects good availability of services for a community this size.
Major Hospitals
Name:
Aspirus Keweenaw Hospital
Address:
205 Osceola St, Laurium, MI 49913
Phone:
(906) 337-6500
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.7
Health Insurance Coverage:
92.3%
Health Care Index:
67.4
Housing Market
What is the housing market like in Laurium, MI?
Laurium’s housing market is notably affordable, with a median home price of $63,000 and 72% owner occupancy. Rent for a two-bedroom averages $670, and home values have appreciated over 4% in the past year, indicating a stable market. Low vacancy and foreclosure rates add to the area’s appeal for homebuyers and renters alike.
Median Home Price:
$63,000
Average Rent For 2 Bedroom:
$670
Owner Occupied Rate:
71.9%
Rental Vacancy Rate:
7.8%
Home Appreciation Rate (1yr):
4.1%
New Construction Rate:
0.7%
Foreclosure Rate:
0.3%
DMV Information
Laurium residents can access Michigan Secretary of State services at the nearby Houghton branch for licensing, registrations, and vehicle needs. The DMV is conveniently located on Razorback Drive, just a short drive from Laurium. Online resources and appointment scheduling are available through the state’s official website.
State:
Michigan
Department:
Michigan Secretary of State
Address:
902 Razorback Dr, Houghton, MI 49931
Phone:
1-888-767-6424
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.