New Lothrop City is a small village located in Michigan. According to the 2010 census, the population was 581. The median household income was $46,953. The poverty rate is about 12%. The median home price is $177,800. The home appreciation rate over the last 10 years has been 7.5%.
The population of New Lothrop is composed of two major generational groups. The oldest group is composed of people in their early 20s, while the youngest group is comprised of people between 60 and 69 years old. The percentage of the population between the two groups is relatively similar, with the largest proportion of residents in their early twenties.
The most common racial or ethnic group in New Lothrop is White, while the least-represented group is Hispanic. The number of households with children was 5%. A family with children is considered to be below the poverty line if at least one member lives below the poverty line.
New Lothrop MI is home to 245 households, of which 104 earn between $10,000 and $50,000 per year. Another forty-one households earn more than $100,000. The median household income in New Lothrop is $53,333, which is slightly below the national average.