This data is based on ZIP code 48362.
The U.S. Census reports business data by ZIP code, not city boundaries. Some businesses just outside city limits may be included, and vice versa.
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Lake Orion ZIP Area Economy · 2023
Wages -45% vs. avg. Oakland Co. town
Lake Orion's ZIP area supports 3,416 jobs across 340 businesses, with workers earning an average of $41K per year, 45% below the Oakland County average. The economy is well-diversified (0.88 index), led by retail trade and professional services. 88.2% of businesses have fewer than 20 employees, and each business employs an average of 10.0 people. Jobs declined 2.3% from the prior year while business count declined 0.9%.
Where Businesses Clusteri
Larger blocks have more businesses.
Local Specialization vs. Oakland Avg.i
Industries sorted by relative concentration in this ZIP area.
Business Size Distributioni
340 businesses by employee count. 88.2% are small businesses (under 20 employees).
Micro (<5)
Small (5-9)
Small (10-19)
Medium (20-49)
Medium (50-99)
Large (100-249)
Economic Densityi
1.19
jobs per resident
10.0
employees per business
County avg: 20.4-51%
$49K
payroll per resident
$414K
payroll per business
Lake Orion ZIP Area vs. Avg. Oakland Co. Towni
All Industries in ZIP Areai
| Sector | Lake Orion ZIP | Avg. Oakland Co. | Spec. |
|---|---|---|---|
| Retail Trade | 60 | 160 | 1.6x |
| Professional Services | 47 | 244 | 0.8x |
| Food & Accommodation | 45 | 112 | 1.7x |
| Construction | 37 | 92 | 1.7x |
| Healthcare | 35 | 208 | 0.7x |
| Admin Services | 31 | 95 | 1.4x |
| Other Services | 27 | 108 | 1.1x |
| Finance & Insurance | 18 | 98 | 0.8x |
| Real Estate | 9 | 66 | 0.6x |
| Transportation | 7 | 25 | 1.2x |
| Manufacturing | 5 | 65 | 0.3x |
| Wholesale Trade | 5 | 82 | 0.3x |
| Arts & Entertainment | 5 | 22 | 1.0x |
| Education | 4 | 18 | 0.9x |