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Lake Orion, MI 48362 has a population of approximately 15,756 and experiences a population change rate of 13.57%. The population density is 1,588.3 / sq mi .
The median household income for Lake Orion, MI 48362 is $98,333, with 5,830 households and an average household size of 2.53.
The median value of a home in Lake Orion, MI 48362 is $315,800 with an appreciation rate of 11.20%. 79.55% of housing in the state is owned while 14.18% is rented.
The cost of living in Lake Orion, MI 48362 is 115.5 %.
The unemployment rate in Lake Orion, MI 48362 is 1.60%, and recent job growth is at 0.83%. Future job growth is projected at 45.92%.
The sales tax rate in Lake Orion, MI 48362 is 6.00%, while the income tax rate is 4.25% .
School expenditures in Lake Orion, MI 48362 are $15,188, and the school ratio is 17:1.
The average high temperature in July is 81.5 degrees, with an average low temperature in January of 15.5 degrees. The average rainfall is approximately 32.3 inches per year, with 37.1 inches of snow per year.
