Lapeer, MI Cost Of Living
Cost Of Living In Lapeer, MI Summary
Cost of living in Lapeer 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 Lapeer 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 Lapeer is 90, with 100 being the average.
The cost of living index in Lapeer is 0.9x lower than the national average.
Lapeer ranks as the #84 cheapest in Michigan out of 175.
Lapeer ranks as the #1,633 cheapest out of 6,412 in the US.
The median home value in Lapeer is $122,500.
The median income in Lapeer is $47,990.
Table Of Contents
Lapeer's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Lapeer, MI?
According to the most recent data on the cost of living, Lapeer has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to Michigan, Lapeer has a cost of living index that's 1.0x lower than Michigan's index of 92.
The standard of living in Lapeer ranks as #84 most affordable out of the 175 places we measured in Michigan. By definition, that implies Lapeer ranks as the #91 most expensive place in the Wolverine State.
For more reading on life in Lapeer, check out:
- Living In Lapeer
- Lapeer Crime Report
- Search Homes For Sale In Lapeer, MI
In Michigan
In America
Lapeer Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Lapeer. Here is how it fairs on each of the criteria:
The Services index in Lapeer is 110.
The Groceries index in Lapeer is 101.
The Health index in Lapeer is 96.
The Housing index in Lapeer is 55.
The Transportation index in Lapeer is 109.
The Utilities index in Lapeer is 98.
| Living Expense | Lapeer | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 90 | 92 | 100 | |
| Services | 110 | 96 | 100 | |
| Groceries | 101 | 96 | 100 | |
| Health | 96 | 94 | 100 | |
| Housing | 55 | 80 | 100 | |
| Transportation | 109 | 97 | 100 | |
| Utilities | 98 | 100 | 100 | |
Lapeer, 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 Lapeer is $122,500.
The Median Rent in Lapeer is $799.
The Median Income in Lapeer is $47,990.
The Home Value To Income in Lapeer is 2.6x.
The Rent To Monthly Income in Lapeer is 0.2x.
| Statistic | Lapeer | Michigan | United States |
|---|---|---|---|
| Median Home Value | $122,500 | $172,100 | $244,900 |
| Median Rent | $799 | $946 | $1,163 |
| Median Income | $47,990 | $63,202 | $69,021 |
| Home Value To Income | 2.6x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Lapeer, MI Costs By Category
Detailed Lapeer Services Costs Vs. Michigan
Detailed Lapeer Groceries Costs Vs. Michigan
Detailed Lapeer Health Costs Vs. Michigan
Detailed Lapeer Transportation Costs Vs. Michigan
Detailed Lapeer Utilities Costs Vs. Michigan
Lapeer SnackAbility
/10
Cost Of Living In Cities Around Lapeer
The cost of living varies in the cities and towns around Lapeer. Here's a quick look at the cost of living in the most populous nearby places:
Flint, MI has a cost of living index of 83, 0.9x Lapeer.
Burton, MI has a cost of living index of 89, 1.0x Lapeer.
Beecher, MI has a cost of living index of 84, 0.9x Lapeer.
| City | Population | Cost Of Living | Vs. Lapeer |
|---|---|---|---|
| Flint, MI | 83,312 | 83 | 0.9x |
| Burton, MI | 29,532 | 89 | 1.0x |
| Beecher, MI | 9,171 | 84 | 0.9x |
| Grand Blanc, MI | 8,055 | 97 | 1.1x |
