Personal loans in South Lyon, MI

At about 11,941 residents, South Lyon is larger than roughly 85% of the places in Michigan. For a bigger market, look to Wixom, MI about 8 miles away. Consumer lending that reaches South Lyon's 11,941 residents is governed by Michigan statute; no city ordinance changes it. Pull your credit reports and line up at least three offers before you apply from South Lyon.

Borrowing in South Lyon: the local picture

The figures below are South Lyon's own — Census population, land area and coordinates — followed by the Michigan rules.

• Population: 11,941 people, a figure that places South Lyon 78th among the 533 Census places in Michigan (US Census Bureau, Vintage 2023).
• Population trend: A rise of about 1.7% from 2020 to 2023.
• Net change: roughly 199 more people than the 2020 Census counted.
• Size percentile: South Lyon sits ahead of around 85% of Michigan places, at 11,941 people.
• Population density: 3,192 people per square mile on 3.7 square miles of land.
• Land area: South Lyon covers 3.7 square miles, the 128th-largest area among Michigan's 533 places.
• State population share: South Lyon accounts for about 0.2% of everyone in Michigan.
• National rank: South Lyon sits 2,785th by population among the 19,457 places in this dataset.
• Growth rank: South Lyon ranks 82nd among Michigan's 533 places for the 2020-to-2023 change.
• Versus Michigan: the state average change is -0.3%, while South Lyon moved 1.7%.
• Density rank: South Lyon is the 53rd most densely settled place in Michigan.
• Against the state median: South Lyon runs about 3,192 residents per square mile, where the Michigan median is 1,078.
• Location: mapped by the US Census Bureau at 42.4610, -83.6532.
• Nearest larger cities: Wixom (8 mi); Novi (9 mi); Ann Arbor (13 mi); Farmington Hills (14 mi); Livonia (15 mi). A branch is convenient; it is not what sets your APR.
• Nearest smaller places: Brighton (8 mi); Northville (9 mi); Milford (9 mi).
• Smaller places within 50 miles: 101 of them.
• At 100 miles: 77 larger Census places fall inside that radius.

South Lyon against the rest of Michigan

Within Michigan, South Lyon holds roughly 0.2% of all residents, the 78th-largest share among 533 places. On the 2020-to-2023 trend, South Lyon stands 82nd among Michigan's 533 places — roughly the 85th percentile. By density, at about 3,192 people per square mile, it ranks 53rd in Michigan. The population moved by about 199 people between 2020 and 2023, a 1.7% shift.

How personal loans work in South Lyon

A South Lyon personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 11,941 residents. A lender serving South Lyon's 11,941 residents must disclose the APR and finance charge in writing before you sign. Shortening the term on a South Lyon loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

South Lyon: area, density and distance

South Lyon covers about 3.7 square miles of land (Census Gazetteer); no significant water area is recorded inside its boundaries. Spread across it are roughly 3,192 residents per square mile. The state's population centre of gravity, Detroit, is roughly 29 miles away. South Lyon has 55 larger places within a 50-mile radius. The 100-mile radius contains 77 larger places.

What is available to South Lyon borrowers

At roughly 3,192 people per square mile, South Lyon is fairly dense; 55 larger places lie within 50 miles. What is available to South Lyon's 11,941 borrowers is set by Michigan licensing and your own credit, not by how many branches are nearby. For a larger market, the closest option is Wixom, MI about 8 miles away.

The Michigan lending rules that reach South Lyon

When Michigan does not publish a figure, the row links to the source instead of inventing a number; South Lyon is bound by the same rules.