New Lothrop, a small town in Michigan, has a population of just under 1,000. It's a nice place to raise a family, as children under 5 account for a larger portion of the population here (11%) than nationally (6%), though retirees also show up in large numbers. Just 26% of residents rent in New Lothrop, as most own their homes. With a relatively low average rent of $597/month in the town, renting remains an affordable option, particularly compared to other cities in Michigan. Each month, renters in New Lothrop will save around $277 compared to the state average.
With an average commute time of about 34 minutes, slower than most cities in the state, New Lothrop residents find that it takes some patience getting to work. Driving a vehicle is the most common mode of getting to work, chosen by 40% of residents, while public transportation isn't used. Walking isn't a common way to get to work.
Compared to the national average (5%), New Lothrop has a high percentage of residents older than 25 with an Associate's degree (9%). In addition, 13% have a Bachelor's, Master's, Professional, or Doctoral degree. There are two primary industries in New Lothrop: healthcare and retail. Combined, these industries account for 14% of the labor force in the town. Meanwhile, looking at job function, many of the town's residents work in sales, as 6% of the town's population reports this as their field of work, the highest number of any field. New Lothrop workers take home an average annual income of just over $63K, roughly the same as their peers elsewhere in Michigan. New Lothrop, however, compares less favorably to the national average ($73,345).
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