Lapeer, NY is a small town located in Upstate New York. It has a significantly lower cost of living than the rest of the United States. For instance, rent for a two-bedroom apartment is only $1,050 compared to the US average of $1,430. The grocery cost index in Lapeer is also much cheaper than the national average at 98 compared to 100. Local businesses in Lapeer include Bob's Liquor and Grocery Store, Henry's Hardware Store, and Sue's Cafe. All three offer competitive prices and excellent customer service that have helped them become successful staples in the community.
Lapeer has an unemployment rate of 6.9%. The US average is 6.0%.
Lapeer has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 18.1%, which is lower than the US average of 33.5%.
Tax Rates for Lapeer
- The Sales Tax Rate for Lapeer is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Lapeer is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lapeer
- The average income of a Lapeer resident is $23,854 a year. The US average is $28,555 a year.
- The Median household income of a Lapeer resident is $61,389 a year. The US average is $69,021 a year.