Lapeer, MI Cost of Living


3 Reviews



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How much do I need to live in Lapeer, Michigan?
$3,570 / month
for a family, 33.9% less expensive than the national average A total of $42,840 for the year for a family.
$2,767 / month
for a single person, 42.0% less expensive than the national average A total of $33,200 for the year for a single person.

Lapeer cost of living score
96
Less expensive
4.0% lower
than the US average
4.9% higher
than the Michigan average
Lapeer, Michigan gets a BestPlaces Cost of Living score of 96, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 4.0% lower than the U.S. average and 4.9% lower than the average for Michigan.

Lapeer, MI

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.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesLapeerMichiganUnited States
    Unlock91.5100.0
  94.3  Unlock100.0
    Unlock84.8100.0
  67.5  Unlock100.0
    Unlock$218,700$338,100
  98.9  Unlock100.0
    Unlock115.1100.0
  99.1  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Lapeer
    See all (3)

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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