The labor pool participation rate in Orchard Lake Village is 57.3%, with an unemployment rate of 2%. For anyone within the labor force, the common commute time is 31.5 minutes. 33.5% of Orchard Lake Village’s residents have a masters diploma, and 30.1% have earned a bachelors degree. For those without a college degree, 21.9% have at least some college, 9.7% have a high school diploma, and just 4.8% have received an education less than senior high school. 2.6% are not covered by health insurance.
Orchard Lake Village, Michigan is found in Oakland county, and includes a population of 2473, and rests within the more Detroit-Warren-Ann Arbor, MI metro region. The median age is 50.5, with 9.9% of the residents under 10 years of age, 9.9% between 10-nineteen years old, 12.5% of residents in their 20’s, 8.5% in their 30's, 9.1% in their 40’s, 18.2% in their 50’s, 16.4% in their 60’s, 10.7% in their 70’s, and 5% age 80 or older. 51.3% of citizens are men, 48.7% women. 65.7% of inhabitants are recorded as married married, with 6.9% divorced and 24.6% never married. The percentage of individuals recognized as widowed is 2.7%.
The average household size in Orchard Lake Village, MI is 3.11 family members members, with 94.8% owning their particular homes. The mean home valuation is $646341. For those renting, they spend an average of $3067 monthly. 51.3% of families have two incomes, and an average household income of $182273. Average individual income is $68011. 7.9% of citizens exist at or below the poverty line, and 7.7% are disabled. 4.6% of citizens are veterans of this US military.
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