Luce County, Michigan: commercial real estate data.
Luce County, Michigan had an estimated 6,328 residents on July 1, 2024, down 1.3 percent since the 2020 census base of 6,412, across 899 square miles. County output reached $209.8 m in 2024, 158 establishments operate here, and the SBA record carries 6 7(a) approvals worth $3.7 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Luce County
How many people live in Luce County
- Population, American Community Survey 2020-20246,271
- Households2,455
- Average household size2.55
- Median household income$54,893
- Median age44.6
- Median gross rent$675 per month
- Median owner-occupied home value$112,000
- Home value to household income2.0 times
- Annual rent as a share of median income14.8 percent
- Adults 25 and over with a bachelor degree or higher17.4 percent
- Adults 25 and over with a graduate degree8.1 percent
- Adults 25 and over4,716
- Population under 181,021
- Share under 1816.3 percent
- Population 65 and over1,418
- Share 65 and over22.6 percent
- Working age population, 18 to 643,832
- Civilian labor force2,228
- Unemployment rate9.9 percent
- Labor force participation, adults 18 and over42.4 percent
- Rank by population among Michigan counties81st of 83
- Rank by population among US county-equivalents, Puerto Rico included2791st of 3,222
Luce County is the 81st largest of 83 Michigan counties by population. A median home costs 2.0 times median household income, which is affordable by national standards. Residents 65 and over outnumber those under 18, at 22.6 percent against 16.3 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Luce County
Is Luce County's population growing?
- Population, July 1, 20246,328
- Census 2020 base population6,412
- Population change since the 2020 census base-1.31 percent
- Population change, 2023 to 2024-61
- Births, 202438
- Deaths, 202497
- Natural change, 2024-59
- Net domestic migration, 2024-6
- Net international migration, 20245
- Total net migration, 2024-1
- Cumulative net domestic migration, 2021 to 2024104
- Rank by growth among US county-equivalents2293rd of 3,144
The county has lost 1.31 percent of its population since the 2020 census base. The population fell in 2024 from both sources: deaths exceeded births and more people left than moved in.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Luce County
Where are people moving to Luce County from?
- Tax returns filed by households arriving95
- People arriving, from those returns159
- Tax returns filed by households leaving110
- Net household movement-15
- Adjusted gross income arriving$3.9 m
- Net adjusted gross income movement$-1.9 m
- Average income of an arriving household$41,232
- Average income of a leaving household$53,009
| Origin | Households | People | Adjusted gross income |
|---|
Households arriving report $11,777 less average income than households leaving, which drains spending power even where headcount holds up.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Luce County
What is the Luce County economy?
- County GDP, 2024$209.8 m
- County GDP, 2023$203.2 m
- GDP change, 2023 to 20243.2 percent
- GDP change over five years33.0 percent
- Rank by GDP among the Michigan areas BEA publishes81st of 83
- Rank by GDP among the US county areas BEA publishes2888th of 3,127
- GDP per resident$33,461
Output grew 3.2 percent in the latest year and 33.0 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Luce County
Employment by industry in Luce County
- Covered employment, annual average1,786
- Establishments reporting180
- Average annual pay$47,825
- Average weekly wage$920
- Retail trade, employment263
- Retail trade, average annual pay$32,549
- Manufacturing, employment60
- Manufacturing, average annual pay$43,021
- Agriculture, forestry, fishing and hunting, employment56
- Agriculture, forestry, fishing and hunting, average annual pay$45,967
- Other services, except public administration, employment42
- Other services, except public administration, average annual pay$28,018
- Construction, employment32
- Wholesale trade, employment25
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Retail trade | 263 | 27 | $32,549 |
| Manufacturing | 60 | 7 | $43,021 |
| Agriculture, forestry, fishing and hunting | 56 | 10 | $45,967 |
| Other services, except public administration | 42 | 14 | $28,018 |
| Construction | 32 | 11 | $56,114 |
| Wholesale trade | 25 | 4 | $41,081 |
Retail trade is the largest private sector at 263 jobs, 14.7 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Luce County
How many businesses are in Luce County?
- Establishments, all industries158
- Employment at those establishments1,502
- Annual payroll$67.4 m
- Establishments per 1,000 residents25.2
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Luce County
Building permits in Luce County
- Housing units authorized by permit, 20249
- Declared construction value permitted$1.8 m
- Single family units authorized9
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$202,488
- Units authorized per 1,000 households3.7
Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Luce County
SBA loans in Luce County (7(a) and 504)
- 7(a) approvals recorded6
- 7(a) gross approval dollars$3.7 m
- Average 7(a) approval$617,633
- Median 7(a) approval$386,250
- Largest single approval$2,000,000
- Jobs reported supported, 7(a)102
- Jobs per approval17.0
- Distinct 7(a) lenders active3
- Distinct industries receiving approvals4
- Median 7(a) term270 months
- Share of loans on real estate terms, 240 months or longer83.3 percent
- Loans on real estate terms5
- Loans on working capital terms, 120 months or shorter1
- Franchise loans0
- Franchise share of approvals0.0 percent
- Most active lenderNicolet National Bank (4)
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Luce County
SBA loan default and charge-off rates in Luce County
Do SBA loans in Luce County get paid back?
- Loans with a final outcome recorded2
- Paid in full2
- Charged off0
- Status: Paid in full2
- Status: Exempt from disclosure4
Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Luce County
SBA lending by place in Luce County
- Borrower cities with recorded lending2
- Newberry, approvals5
- Mc Millan, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Newberry | 5 | $3,233,300 |
| Mc Millan | 1 | $472,500 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Luce County
How large is Luce County?
- Land area899 sq mi
- Rank by land area among Michigan counties13th of 83
- Width, east to west29.8 mi
- Height, north to south35.3 mi
- Geographies sharing a boundary4
- Residents per square mile of land7
- Establishments per square mile0.18
- Radon levels in Luce County, EPA zone predicted average indoor radon screening level less than 2 pCi/LZone 3
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Luce County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Luce County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-20246,271
- Households2,455
- Average household size2.55
- Median household income$54,893
- Median age44.6
Common questions
Luce County questions, answered from the record.
How many people live in Luce County, Michigan?
The Census Bureau estimates 6,328 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 6,271, in 2,455 households, ranking 81st of 83 Michigan counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Luce County's population growing?
The population has fallen 1.31 percent since the 2020 census base of 6,412, to 6,328 on July 1, 2024. In 2024 there were 38 births against 97 deaths, with net migration of -1. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Luce County?
$54,893. The median owner-occupied home is valued at $112,000, which is 2.0 times income, and median gross rent is $675 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Luce County?
158 establishments, employing 1,502 people with an annual payroll of $67.4 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Luce County?
Retail trade is the largest private sector at 263 jobs, 14.7 percent of covered employment. Covered employment averages 1,786 jobs at an average annual pay of $47,825, or $920 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Luce County?
6 7(a) approvals totaling $3.7 m since FY2020, across 3 lenders, with a median approval of $386,250. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Luce County?
9 housing units were authorized by permit in 2024, with a declared construction value of $1.8 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Luce County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Are traffic counts available for Luce County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Luce County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Luce County
Cities and places in Luce.
1 Census place lies wholly or partly in Luce County. It carries enough published place level data for a page of its own and is linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Newberry | village | 1,329 | 5 | Wholly in this county |
A further 1 of the county's 6 SBA 7(a) approvals are to borrowers in cities that match no Census place in Luce County, the largest being Mc Millan (1). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
Nearby