Lambertville, MI Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Lambertville, MI Summary

Cost of living in Lambertville research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lambertville is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Michigan, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Lambertville is 94, with 100 being the average.

  • The cost of living index in Lambertville is 0.9x lower than the national average.

  • Lambertville ranks as the #117 cheapest in Michigan out of 175.

  • Lambertville ranks as the #2,290 cheapest out of 6,412 in the US.

  • The median home value in Lambertville is $186,300.

  • The median income in Lambertville is $93,415.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
94
Lambertville's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Lambertville, MI?

According to the most recent data on the cost of living, Lambertville has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.

Compared to Michigan, Lambertville has a cost of living index that's 1.0x higher than Michigan's index of 92.

The standard of living in Lambertville ranks as #117 most affordable out of the 175 places we measured in Michigan. By definition, that implies Lambertville ranks as the #58 most expensive place in the Wolverine State.

For more reading on life in Lambertville, check out:

117 out of 175
In Michigan
2,290 out of 6,412
In America

Lambertville Cost Of Living Vs. Michigan

Six factors go into calculating the cost of living index in Lambertville. Here is how it fairs on each of the criteria:

  • The Services index in Lambertville is 97.

  • The Groceries index in Lambertville is 99.

  • The Health index in Lambertville is 98.

  • The Housing index in Lambertville is 94.

  • The Transportation index in Lambertville is 107.

  • The Utilities index in Lambertville is 84.

Living Expense Lambertville Michigan National Average
Overall 94 92 100
Services 97 96 100
Groceries 99 96 100
Health 98 94 100
Housing 94 80 100
Transportation 107 97 100
Utilities 84 100 100
For more reading on cost of living around Michigan, check out:
Lambertville Cost of Living Vs. MI

Lambertville, MI Housing Cost Breakdown

Housing swings affordability the most between places in Michigan, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Lambertville is $186,300.

  • The Median Rent in Lambertville is $979.

  • The Median Income in Lambertville is $93,415.

  • The Home Value To Income in Lambertville is 2.0x.

  • The Rent To Monthly Income in Lambertville is 0.13x.

Statistic Lambertville Michigan United States
Median Home Value $186,300 $172,100 $244,900
Median Rent $979 $946 $1,163
Median Income $93,415 $63,202 $69,021
Home Value To Income 2.0x 2.7x 3.5x
Rent To Monthly Income 0.13x 0.18x 0.2x
Search Homes For Sale In Lambertville, MI
$186,300
Median Home Value
$979
Median Rent
$93,415
Median Income

Lambertville, MI Costs By Category

Detailed Lambertville Services Costs Vs. Michigan

Item Lambertville Michigan
Shampoo $1.04 $1.06
Movie $11.18 $10.68
Bowling $12.05 $14.67
Haircut $18.64 $18.62
Beauty Salon $30.81 $39.05

Detailed Lambertville Groceries Costs Vs. Michigan

Item Lambertville Michigan
Ground Beef $4.75 $4.22
Fried Chicken $1.09 $1.39
Milk $1.65 $2.05
Potatoes $3.48 $3.29
Pizza $12.02 $10.62
Beer $9.38 $9.38
Toothpaste $2.7 $2.34

Detailed Lambertville Health Costs Vs. Michigan

Item Lambertville Michigan
Optometrist $95.0 $108.57
Doctor $100.0 $116.17
Dentist $97.0 $99.13

Detailed Lambertville Transportation Costs Vs. Michigan

Item Lambertville Michigan
Gasoline $2.43 $2.22
Tire Balancing $48.0 $50.07

Detailed Lambertville Utilities Costs Vs. Michigan

Item Lambertville Michigan
All Electricity $127.88 $167.67
Phone $178.72 $175.64

Lambertville SnackAbility

7
/10
Overall SnackAbility
Jobs
9/10
Housing
8
Affordability
9
Diversity
6
Safety
N/A
Amenities
8.5
Education
8.5
Commute
8

Cost Of Living In Cities Around Lambertville

The cost of living varies in the cities and towns around Lambertville. Here's a quick look at the cost of living in the most populous nearby places:

  • Toledo, OH has a cost of living index of 85, 0.9x Lambertville.

  • Perrysburg, OH has a cost of living index of 99, 1.1x Lambertville.

  • Oregon, OH has a cost of living index of 90, 1.0x Lambertville.

City Population Cost Of Living Vs. Lambertville
Toledo, OH 271,454 85 0.9x
Perrysburg, OH 24,633 99 1.1x
Oregon, OH 19,935 90 1.0x
Sylvania, OH 18,991 92 1.0x
Maumee, OH 13,915 91 1.0x
Temperance, MI 8,866 97 1.0x
South Monroe, MI 6,526 89 0.9x
Rossford, OH 6,330 90 1.0x
Waterville, OH 5,943 97 1.0x
Northwood, OH 5,195 90 1.0x

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