Housing costs in Lapeer?
A typical home costs
$222,900, which is 34.1% less expensive than the national average of
$338,100 and 1.9% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Lapeer 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?
To live comfortably in Lapeer, Michigan, a minimum annual income of
$42,840 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Lapeer?
The cost of living in Lapeer, MI is quite affordable compared to other areas in Michigan. The median home price is around $130,000 and the monthly rent for a one-bedroom apartment averages $640. Taxes are relatively low, and the overall cost of goods and services are inexpensive. The area also has great access to outdoor activities which can provide a fun yet affordable way to spend time with family and friends. All in all, Lapeer provides an affordable lifestyle that allows residents to enjoy the amenities of life without breaking the bank.