Personal loans in Otter Lake, MI

With 358 residents, Otter Lake outranks about 11% of the communities in Michigan. Every figure below is Michigan's own, applied to Otter Lake's 358 residents, with the publisher and retrieval date attached. A 2020-to-2023 comparison shows Otter Lake down by about 1.4%. The nearest larger metro is Otisville, MI about 5 miles away.

Otter Lake: the sourced local profile

Only a few things actually differ by place — population, area, location, and the Michigan rules a lender must follow — and they are below.

• Population: a Census-estimated 358, 473rd among Michigan's 533 places (Vintage 2023).
• Population trend: A decline of about 1.4% across the 2020-to-2023 comparison.
• Net change: roughly 5 fewer people than the 2020 Census counted.
• Size percentile: about 11% of Michigan's Census places are smaller than Otter Lake.
• Land and density: 0.8 square miles of land carry roughly 474 residents per square mile.
• Land area rank: Otter Lake's 0.8 square miles rank 486th of 533 places in Michigan.
• Water area: Otter Lake has 0.08 square miles of water, ranking 186th of 533 places in Michigan.
• Within Michigan: about 0.0% of the state's population lives in Otter Lake.
• National rank: Otter Lake is 14,521st of 19,457 places nationwide.
• Growth rank: Otter Lake ranks 364th among Michigan's 533 places for the 2020-to-2023 change.
• Versus Michigan: the state average change is -0.3%, while Otter Lake moved 1.4%.
• Density in Michigan: Otter Lake ranks 451st by people per square mile.
• Density vs Michigan: Otter Lake's 474 people per square mile compare with a state median of 1,078.
• Location: 43.2134 / -83.4593, per the US Census Bureau Gazetteer.
• Nearest larger cities: Otisville (5 mi); Columbiaville (5 mi); Millington (5 mi); Mayville (10 mi); Vassar (12 mi). Living near a larger metro rarely changes what is available in Otter Lake.
• Nearest smaller towns: Clifford (16 mi); Leonard (29 mi); Melvin (30 mi) — useful context for the surrounding area.
• Within a 50-mile radius: 10 smaller Census places.
• Within 100 miles: 271 places are larger than Otter Lake.

How personal loans work in Otter Lake

Most loans made to Otter Lake's 358 residents are unsecured, so nothing is pledged and the lender relies on your credit history. Because pricing is borrower-level, two people in Otter Lake can be quoted different APRs on the same amount and term. A longer term lowers the monthly payment on a Otter Lake loan but raises total interest, so the smallest payment is not the cheapest loan.

Borrowing reach in Otter Lake

At roughly 474 people per square mile, Otter Lake is lightly settled; 102 larger places lie within 50 miles. A Michigan licence lets a lender serve Otter Lake without a local office, so branch density does not change what its 358 residents are offered. The nearest bigger place is Otisville, MI about 5 miles away.

The Michigan lending rules that reach Otter Lake

Below are the Michigan rules that apply to a loan made in Otter Lake, each with the regulator that issued it.

How Otter Lake compares across Michigan

Set beside Michigan's 533 places, Otter Lake ranks 473rd by population and holds about 0.0% of the state total. Its 2020-to-2023 change ranks 364th of 533 Michigan places, putting it near the 32th percentile for growth. At about 474 people per square mile, Otter Lake is the 451st most densely settled place in Michigan. The population moved by about 5 people between 2020 and 2023, a 1.4% shift.

Where Otter Lake sits

Otter Lake's land area is about 0.8 square miles; a further 0.08 square miles is water. That land carries about 474 people per square mile. For the state's biggest city, Detroit, the distance is roughly 60 miles. Otter Lake has 102 larger places within a 50-mile radius. By land area it ranks 486th of 533 Michigan places.