Laurium is located in northwest Michigan. Laurium is between the Houghton, Keweenaw county. Laurium has 0.65 square miles of land area and has no water area. As of 2010-2014, the total Laurium population is 2,001, which has shrunk 5.88% since 2000. The population growth rate is much lower than the state average rate of -0.50% and is much lower than the national average rate of 11.61%. Laurium median household income is $34,485 in 2010-2014 and has grown by 13.42% since 2000. The income growth rate is higher than the state average rate of 9.90% and is much lower than the national average rate of 27.36%. Laurium median house value is $68,000 in 2010-2014 and has grown by 34.39% since 2000. The house value growth rate is much higher than the state average rate of 3.98% and is lower than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Laurium is much better than the state average in quality.