Housing costs in Lapeer township?
A typical home costs
$274,200, which is 18.9% less expensive than the national average of
$338,100 and 25.4% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Lapeer township costs
$1,050 per month, which is 26.6% cheaper than the national average of
$1,430 and 4.8% cheaper than the state average of
$1,100.
Can I afford Lapeer township?
To live comfortably in Lapeer township, Michigan, a minimum annual income of
$52,560 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Lapeer township?
Living in Lapeer Township, MI is relatively affordable. The median household income is significantly lower than the US average, and the cost of living index is 8% lower than the national average. Renters can expect to pay an average of $830 per month for a one-bedroom apartment, while homeowners will enjoy a median home value of approximately $128,000. The job market in Lapeer Township is diverse and growing, with many major employers nearby offering competitive wages. Overall, Lapeer Township is an ideal place for budget conscious individuals or families looking for an affordable place to live.