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Lathrup Village is considered a Small Town with a population of 4,126 and 363 businesses. 4 in 2018 were added to the Lathrup Village Chamber of Commerce business directory which was less than 2017 which had 8.
The economy of Lathrup Village employs 2,925 people and has an unemployment rate of 6%. Some of the largest industries in Lathrup Village are Beauty Salons (18),Dentists (17), and Real Estate (13).