Lathrup Village 86 Exceptional
Lathrup Village Livability #15 ranked city in Michigan#276 ranked city in the USARanks better than 99% of areas

Pros and Cons of Living in Lathrup Village

PROS
  • Commute

    High scores in the commute category could indicate that this area offers short commute times to work and readily available public transportation options.

  • Crime

    This area is characterized by a crime rate, per 100,000 individuals, that falls well below the national average, indicating its potential as a very safe place to live.

  • Employment

    This area scores extremely well in the employment category. This is primarily due to the combination of low unemployment rates, higher median home income and income per capita.

  • Housing

    The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.

  • Schools

    A high score in the schools category could be the result of elements like top-notch test scores, high education levels and the convenient location of elementary and high schools in this area.

CONS
  • Amenities

    It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.

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What's it like Living in Lathrup Village?

Lathrup Village, Michigan is a small-sized city with a population of 4,109 inhabitants. Long travel times to work can be one of the most frustrating things in the world - right behind housework! If you decide that living in Lathrup Village is the right fit for you, your one way commute time will average 25 minutes, which is about average when compared to the national commute time of 26 minutes.

Without the right tools, relocating to any new area can be very stressful and challenging. Living in Lathrup Village, Michigan could be a fulfilling experience for anyone who puts in the time to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. The best areas in Lathrup Village and in surrounding cities are easier to find when you are able to make informed decisions. Using data from cost of living, commute, health & safety, employment, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Michigan and national averages.

With a livability score of 87 out of 100, Lathrup Village is ranked #201 in the United States and #13 in Michigan. Compared to the national average, Lathrup Village ranks among some of the best places to live in the country! Lathrup Village has also earned the rare honor of ranking in the top 10 percentile among all cities. Based on the rankings for each individual category, Lathrup Village has been rewarded with high marks for crime (A+), cost of living (B), education (A), employment (A+) and housing (A+). Unfortunately for Lathrup Village, there are some categories for which it does not score well, this includes: amenities (F).

Crime rates play a pivotal role in the decision-making process for anyone considering a move, as they directly influence the overall sense of safety, security and quality of life in a given location. Lathrup Village shines in this regard, earning exemplary ratings for its exceptionally low violent crime rates, standing at 75 crimes per 100,000 residents. These rates are notably below the national average, underscoring the community's commitment to safety and contributing to an enhanced quality of life.

Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Lathrup Village market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.

Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Lathrup Village. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Lathrup Village are affordable. Median real estate prices in Lathrup Village come in at $208,500, which is 63.1% higher than the Michigan average. The home price to income ratio compares the median home prices to the median household income. In Lathrup Village, the home price to income ratio is 2.2, which is 12% lower than the Michigan average.

Best Places to Live in and Around Lathrup Village

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How Do You Rate The Livability In Lathrup Village?

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Compare Lathrup Village, MI Livability

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      Lathrup Village transportation information

      Statistic Lathrup Village Michigan National
      Average one way commute25min24min26min
      Workers who drive to work86.7%82.5%76.4%
      Workers who carpool3.0%8.8%9.3%
      Workers who take public transit1.8%1.4%5.1%
      Workers who bicycle0.0%0.5%0.6%
      Workers who walk1.9%2.2%2.8%
      Working from home6.7%3.7%4.6%
      Source: The Lathrup Village, MI data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS).