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Laurium is in one of the most productive copper districts in the United States, and copper mining is its chief industry. Immediately west of Laurium is the famous Calumet and Hecla mine. The village was formerly named Calumet, and was incorporated under that name in 1889, but in 1895 its name was changed by the legislature to Laurium, in allusion to the mineral wealth of Laurium in Greece.
As of the census of 2000, there are 2,126 people, 897 households, and 540 families residing in the village. The population density is 1,225.2/km² (3,163.7/mi²). There are 1,082 housing units at an average density of 623.5/km² (1,610.1/mi²). The racial makeup of the village is 98.12% White, 0.24% African American, 0.61% Native American, 0.19% Asian, 0.05% Pacific Islander, 0.19% from other races, and 0.61% from two or more races. 0.52% of the population are Hispanic or Latino of any race.
There are 897 households out of which 28.2% have children under the age of 18 living with them, 46.7% are married couples living together, 10.1% have a female householder with no husband present, and 39.7% are non-families. 37.0% of all households are made up of individuals and 19.5% have someone living alone who is 65 years of age or older. The average household size is 2.36 and the average family size is 3.14.
In the village the population is spread out with 26.5% under the age of 18, 7.2% from 18 to 24, 23.9% from 25 to 44, 22.2% from 45 to 64, and 20.1% who are 65 years of age or older. The median age is 40 years. For every 100 females there are 93.1 males. For every 100 females age 18 and over, there are 88.0 males.
The median income for a household in the village is $30,404, and the median income for a family is $40,556. Males have a median income of $28,571 versus $23,824 for females. The per capita income for the village is $16,686. 12.4% of the population and 8.8% of families are below the poverty line. Out of the total people living in poverty, 12.6% are under the age of 18 and 14.5% are 65 or older.