Loretto, MI
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Loretto, MI: Quick Facts & Overview
- Population: 2,037 residents (64 people per sq. mi.)
- Average House Price: $199,906
- Average Household Income: $74,926
Loretto, MI is located in the state of Michigan. It is home to about 2,037 people, with around 64 residents living in every square mile.
If you want to buy a house in Loretto, the average price is around $199,906. That makes local housing 10% lower than the Michigan average of $221,733, and 35% lower than the national average of $308,592.
The average household in Loretto earns about $74,926 a year. This income is 2% higher than the average family in Michigan ($73,374), and 5% lower than the national average ($78,686).
Population
2,037
Median Household Income
$74,926
Median Home Value
$199,906
Median Age
52.5 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $39,087 |
| Labor Force Participation | 51.7% |
| Unemployment Rate | 2.1% |
| Average Commute Time | 24.5 mins |
Housing & Community Metrics
| Home Ownership Rate | 89.7% |
| Median Rent | $853 |
| Rent Burdened (>30% Income) | 28.7% |
| Total Housing Units | 893 |
Additional Census & Housing Profile
Geographic Overview
| County | Dickinson |
| County FIPS | 26043 |
| Metro Area (CBSA) | Iron Mountain, MI-WI |
| Combined Area (CSA) | Marinette-Iron Mountain, WI-MI |
| Population Density | 64.0/sq mi |
| Coordinates (lat/lng) | 45.7772, -87.8151 |
| Timezone | America/Menominee |
| National Ranking | 4 |
| Incorporated | No |
Household Structure
| Average Family Size | 2.69 |
| Dual Income Families | 39.5% |
Marital Status
| Married | 65.8% |
| Never Married | 13.4% |
| Divorced | 14.7% |
| Widowed | 6.0% |
Gender
| Male | 49.5% |
| Female | 50.5% |
Health & Poverty
| Uninsured Rate (Health) | 2.6% |
| Poverty Rate | 11.0% |
Key Population Groups
| Veterans | 11.3% |
| Disabled Population | 10.3% |
| Limited English Proficiency | - |
All ZIP Codes in Loretto
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 49892 | 2,037 | $74,926 | $199,906 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Norway, MI | 5 miles | 2,833 |
| Niagara, WI | 8.9 miles | 1,464 |
| Quinnesec, MI | 8.9 miles | 892 |
| Hermansville, MI | 11 miles | 666 |
| Iron Mountain, MI | 12.3 miles | 7,518 |
| Pembine, WI | 12.9 miles | 269 |
| Kingsford, MI | 13.8 miles | 5,124 |
| Powers, MI | 15.2 miles | 360 |
| Carney, MI | 17.9 miles | 177 |
| Amberg, WI | 20.5 miles | 185 |
| Florence, WI | 23.2 miles | 488 |
| Daggett, MI | 24 miles | 174 |
| Stephenson, MI | 27 miles | 902 |
| Goodman, WI | 28 miles | 170 |
| Wausaukee, WI | 28.4 miles | 531 |
| Alpha, MI | 32.7 miles | 215 |
| Crystal Falls, MI | 33 miles | 1,719 |
| Escanaba, MI | 35 miles | 12,354 |
| Rock, MI | 37.3 miles | 160 |
| Gladstone, MI | 37.9 miles | 5,253 |
| Crivitz, WI | 38.7 miles | 993 |
| Gwinn, MI | 39.4 miles | 1,435 |
| Rapid River, MI | 41.8 miles | 223 |
| Gaastra, MI | 42.6 miles | 296 |
| Republic, MI | 43.5 miles | 519 |
| K. I. Sawyer, MI | 43.8 miles | 2,817 |
| Caspian, MI | 43.8 miles | 600 |
| Laona, WI | 43.9 miles | 631 |
| Amasa, MI | 43.9 miles | 253 |
| Iron River, MI | 45.3 miles | 3,002 |
| Menominee, MI | 46.2 miles | 8,326 |
| Wabeno, WI | 47 miles | 269 |
| Lakewood, WI | 47.2 miles | 182 |
| Palmer, MI | 47.4 miles | 309 |
| Pound, WI | 48.3 miles | 379 |
| Marinette, WI | 48.5 miles | 11,115 |
| West Ishpeming, MI | 49.4 miles | 2,851 |
| Ishpeming, MI | 49.5 miles | 6,181 |
| Peshtigo, WI | 49.9 miles | 3,398 |
| Coleman, WI | 50.2 miles | 942 |
| Negaunee, MI | 50.8 miles | 4,656 |
| Ellison Bay, WI | 50.9 miles | 186 |