2025 Compare Cities Economy:
Lapeer, MI vs Richmond, KY

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Highlights
- Household income in Richmond, is 16% less than it is in Lapeer and is 72% below the National Average.
- Lapeer unemployment rate is 4.9%.
- Richmond unemployment rate is 4.9%.
 Lapeer, MIRichmond, KYUnited States
 Unemployment Rate  Unlock4.9%6.0%
 Recent Job Growth  Unlock1.1%1.6%
 Future Job Growth33.8%  Unlock33.5%
 Sales Taxes6.0%  Unlock6.2%
 Income Taxes  Unlock8.0%4.6%
 Income per Cap.$28,197  Unlock$37,638
 Household Income  Unlock$40,221$69,021
 Family Median Income$65,285  Unlock$85,028
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 Est. Households By Income
 Lapeer, MIRichmond, KYUnited States
 Income Less Than 15K  Unlock19.7%9.4%
 Income between 15K and 20K4.9%  Unlock3.8%
 Income between 20K and 30K  Unlock10.4%8.1%
 Income between 30K and 40K6.8%  Unlock8.0%
 Income between 40K and 50K  Unlock7.2%7.6%
 Income between 50K and 60K5.1%  Unlock7.2%
 Income between 60K and 75K  Unlock7.8%9.6%
 Income between 75K and 100K13.6%  Unlock12.8%
 Income between 100K and 150K  Unlock10.3%16.3%
 Income between 150K and 200K4.5%  Unlock7.8%
 Income greater than 200K  Unlock2.3%9.5%
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 Population By Occupation
 Lapeer, MIRichmond, KYUnited States
 Management, business, finance10.5%  Unlock16.4%
 Engineering, computers, science  Unlock5.0%6.5%
 Community, social services1.1%  Unlock1.8%
 Legal  Unlock0.5%1.2%
 Education, library5.7%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.2%2.0%
 Healthcare practitioners and technology5.5%  Unlock6.2%
 Healthcare support  Unlock3.0%3.3%
 Firefighters, law enforcement1.5%  Unlock2.1%
 Food preparation, serving  Unlock9.7%5.4%
 Building maintenance2.6%  Unlock3.6%
 Personal care  Unlock3.6%2.6%
 Sales, office, administrative support20.6%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair9.5%  Unlock8.1%
 Production, transportation, material moving  Unlock15.5%13.1%
Reviews for Lapeer    3 Reviews

Over 5 years ago

I grew up in Lapeer in the summers of the 1950s. I retired to Florida, but now I am ready to admit my mistake and go back. I love  More

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I've lived in Lapeer for 17 years now and it is a great place to raise a family. It's got everything you need on a regular basis, shopping, grocery stores and  More

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Over 17 years ago

Small town atmosphere, very few jobs available, mostly small manufacturing jobs and retail. Economic downfall, city relies mostly on automotive manufacturing in major  More

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Reviews for Richmond    4 Reviews

Over 7 years ago

Keep this between us... Richmond is a hidden gem. A small university town close to a large city (Lexington is 30 minutes away) and less than two hour from very large  More

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For a smallish town, Richmond offers a convenient location and great small restaurants. Fortunately it is also wedged between Lexington and little Berea, both with more  More

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Over 16 years ago

Major university town of small size (30,000), and conveniently located 30 miles from Lexington,  More

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