Population 729 · Census ACS 2020–24
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Median age by neighborhoodHistory and comparison ↓︎
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Population and households in Loretto
Household size in Loretto
| Period | Loretto | Michigan | U.S. |
|---|---|---|---|
| 2006–10 | 2.29 | 2.58 | 2.68 |
| 2010–14 | 2.26 | 2.58 | 2.73 |
| 2015–19 | 2.24 | 2.53 | 2.71 |
| 2020–24 | 2.32 | 2.51 | 2.65 |
| Change | +0.03 | −0.06 | −0.03 |
Loretto is a place of small households, averaging 2.32 people against 2.65 for the U.S., which points to many singles, couples and roommates and relatively few children.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Loretto
| Period | Loretto | Michigan | U.S. |
|---|---|---|---|
| 2006–10 | 48.6 | 38.9 | 37.7 |
| 2010–14 | 50.2 | 40.1 | 38.6 |
| 2015–19 | 50.1 | 41.0 | 39.6 |
| 2020–24 | 46.7 | 41.3 | 40.1 |
| Change | −1.9 | +2.4 | +2.3 |
With a median age of 46.7, Loretto is noticeably older than the country as a whole (40.1), an age mix that tilts toward empty nesters and retirees. Since 2006–10, the median age has dropped from 48.6, but in a place this small, survey estimates can swing a lot from one release to the next.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Loretto
| Period | Loretto | Michigan | U.S. |
|---|---|---|---|
| 2006–10 | 5.8% | 11.3% | 12.3% |
| 2010–14 | 4.9% | 11.5% | 12.3% |
| 2015–19 | 4.8% | 10.9% | 11.6% |
| 2020–24 | 8.7% | 10.7% | 11.6% |
| Change | +2.9 pts | −0.6 pts | −0.6 pts |
Single parents head about one in twelve households in Loretto (8.7%), below the national share of 11.6%.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Loretto
Renters in Loretto
| Period | Loretto | Michigan | U.S. |
|---|---|---|---|
| 2006–10 | 11.9% | 25.8% | 33.3% |
| 2010–14 | 10.8% | 28.5% | 35.6% |
| 2015–19 | 11.8% | 28.8% | 36.0% |
| 2020–24 | 12.9% | 26.8% | 34.8% |
| Change | +1.1 pts | +1.0 pts | +1.5 pts |
Loretto is overwhelmingly a place of homeowners: only 12.9% of households rent, far below the national share of 34.8%. Owner-heavy areas like this tend to see less turnover. Nearly six in ten owners (57.0%) have paid off their mortgages, well above the national share of 39.8%.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Loretto
| Period | Loretto | Michigan | U.S. |
|---|---|---|---|
| 2006–10 | 31.8% | 13.0% | 11.4% |
| 2010–14 | 29.1% | 13.0% | 11.4% |
| 2015–19 | 30.9% | 11.9% | 11.1% |
| 2020–24 | 26.9% | 10.2% | 9.6% |
| Change | −4.9 pts | −2.8 pts | −1.8 pts |
Vacancy is high in Loretto: 26.9% of homes are empty, far above the national rate of 9.6%. In resort and lake areas that usually means seasonal and vacation homes; elsewhere it can point to weak demand.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Loretto
| Period | Loretto | Michigan | U.S. |
|---|---|---|---|
| 2006–10 | 1960 | 1969 | 1974 |
| 2010–14 | 1967 | 1970 | 1975 |
| 2015–19 | 1967 | 1971 | 1977 |
| 2020–24 | 1966 | 1972 | 1980 |
| Change | +5 | +3 | +6 |
Loretto is a place of older homes: half were built before 1966, while the national median is 1980. That means established neighborhoods, and more houses that may need updating.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Loretto
| Period | Loretto | Michigan | U.S. |
|---|---|---|---|
| 2006–10 | $850 | $833 | $965 |
| 2010–14 | $579 | $886 | $1,040 |
| 2015–19 | $672 | $978 | $1,213 |
| 2020–24 | $856 | $1,228 | $1,571 |
| Change | +$7 | +$395 | +$606 |
Rent in Loretto runs $856 a month at the median, utilities included, well below the U.S. median of $1,571. The typical renter here spends 35.0% of household income on rent, well over the 30% mark often used to define affordable rent, so many renters here are stretched.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Loretto
Bachelor's degrees in Loretto
| Period | Loretto | Michigan | U.S. |
|---|---|---|---|
| 2006–10 | 17.7% | 26.1% | 28.4% |
| 2010–14 | 22.2% | 27.1% | 29.6% |
| 2015–19 | 26.3% | 29.5% | 32.1% |
| 2020–24 | 26.2% | 32.7% | 35.6% |
| Change | +8.4 pts | +6.6 pts | +7.2 pts |
Just over a quarter of adults 25 and older in Loretto (26.2%) have a bachelor's degree or higher, below the national share of 35.6%.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Loretto
| Period | Loretto | Michigan | U.S. |
|---|---|---|---|
| 2006–10 | 91.8% | 88.3% | 84.9% |
| 2010–14 | 94.4% | 89.3% | 86.1% |
| 2015–19 | 96.4% | 90.7% | 87.7% |
| 2020–24 | 98.5% | 91.8% | 89.3% |
| Change | +6.7 pts | +3.5 pts | +4.3 pts |
Finishing high school is nearly universal in Loretto: 98.5% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Loretto
| Period | Loretto | Michigan | U.S. |
|---|---|---|---|
| 2006–10 | 8.1% | 11.5% | 8.1% |
| 2010–14 | 6.3% | 11.7% | 9.4% |
| 2015–19 | 4.0% | 6.1% | 5.6% |
| 2020–24 | 1.5% | 5.9% | 5.4% |
| Change | −6.6 pts | −5.7 pts | −2.7 pts |
Unemployment in Loretto has been low: just 1.5% of the labor force was out of work and looking, well below the national rate of 5.4%. Each figure pools five years of surveys (2020–24), so it describes that whole stretch rather than today's job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Loretto compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Loretto | 2.32 | 46.7 | 8.7% | 12.9% | 26.9% | 1966 | $856 | 26.2% | 98.5% | 1.5% |
| Vulcan | 2.23 | 50.8 | 7.2% | 11.0% | 28.3% | 1971 | $826 | 26.2% | 97.0% | 2.2% |
| Norway | 2.38 | 41.0 | 5.0% | 21.6% | 6.7% | 1958 | $931 | 23.1% | 96.0% | 0.6% |
| Waucedah | 2.21 | 54.3 | 5.8% | 6.8% | 33.2% | 1975 | $788 | 27.1% | 96.8% | 2.7% |
| Quinnesec | 2.01 | 53.0 | 6.7% | 7.1% | 8.1% | 1976 | $836 | 14.4% | 97.8% | 3.3% |
| Niagara | 2.24 | 48.4 | 9.5% | 13.6% | 19.2% | 1965 | $860 | 17.4% | 92.6% | 5.0% |
| Iron Mountain | 2.08 | 47.3 | 12.3% | 20.6% | 8.3% | 1964 | $852 | 24.6% | 94.3% | 4.8% |
| Kingsford | 2.16 | 45.3 | 4.3% | 20.1% | 5.3% | 1965 | $896 | 30.3% | 97.6% | 4.5% |
| Merriman | 2.41 | 45.1 | 2.2% | 5.3% | 15.8% | 1984 | $889 | 26.0% | 99.1% | 3.5% |
| Hermansville | 2.13 | 50.2 | 7.2% | 17.8% | 18.1% | 1968 | $483 | 9.8% | 91.2% | 5.7% |
| Pembine | 2.09 | 51.6 | 7.1% | 13.4% | 62.6% | 1981 | $811 | 14.8% | 91.3% | 4.5% |
All figures 2020–24.
Cities with similar populations: Cosby, MO · Walmsley, VA · Wakefield, OH · Volente, TX · Dial, GA · Dennison, MN · Dana, KY · Crescent City, IL · Cowanesque, PA · Wardsboro, VT
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Loretto. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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