177th most affordable of 199 in Metro Detroit
Cost of Living in Lapeer, MI
A typical home in Lapeer costs about $1,156 a month, 26.3% of the median household income of $52,716. That makes Lapeer the 23rd most affordable of 24 places in Lapeer County and 177th of 199 across Metro Detroit.
- Median rent a month
- $1,002
- Median home value
- $178,400
- Owner cost with a mortgage
- $1,309
- Of income on housing
- 26.3%
Lapeer against Lapeer County and the metro
| Census median | Lapeer | Lapeer County | Metro Detroit |
|---|---|---|---|
| Median rent (monthly) | $1,002 | $988 | $1,207 |
| Median home value | $178,400 | $239,000 | $249,700 |
| Owner cost with a mortgage (monthly) | $1,309 | $1,512 | $1,720 |
| Median household income (yearly) | $52,716 | $77,306 | $76,664 |
| Share of income on housing | 26.3% | 19.4% | 22.9% |
Ranked 23rd most affordable of 24 in Lapeer County. See all 24.
Cost of living near Lapeer
The towns around Lapeer, each with its own page.
- Lapeer Township Rent $1,362 · Home $254,100 165th most affordable in the metro
- Elba Township Rent $1,159 · Home $261,200 47th most affordable in the metro
- Mayfield Township Rent $964 · Home $188,100 90th most affordable in the metro
- Oregon Township Rent $825 · Home $236,400 13th most affordable in the metro
- Metamora Township Rent $1,264 · Home $383,000 22nd most affordable in the metro
- Attica Township Rent $1,625 · Home $246,300 176th most affordable in the metro
- Hadley Township Rent $1,382 · Home $356,100 44th most affordable in the metro
- Arcadia Township Rent $1,021 · Home $235,400 65th most affordable in the metro
Living in Lapeer
- Homes for sale in Lapeer Listings and off-market deals
- Rentals in Lapeer Houses and apartments for rent
- Lapeer neighborhoods Every neighborhood on a map
- Lapeer crime rate From Lapeer's own police reports
- Cost of living in Lapeer County Every town in the county, ranked
- Most affordable cities in Metro Detroit All six counties, ranked
- Lapeer city guide Pros, homes and city services
Lapeer cost of living questions
5 questions
Is Lapeer, MI expensive to live in?
A typical home in Lapeer takes 26.3% of the median household income, against 22.9% across Metro Detroit, which ranks it 177th most affordable of 199 places.
What is the average rent in Lapeer?
The median gross rent is $1,002 a month, rent plus the utilities the renter pays, 17% below the metro.
How much does a house cost in Lapeer?
Owners put the median home value at $178,400, 29% below the metro. With a mortgage, the median owner pays $1,309 a month for the mortgage, taxes, insurance and utilities.
What income do you need to live in Lapeer?
Spending no more than 30% of income on housing, the usual rule, a typical Lapeer home at $1,156 a month calls for about $46,000 a year. The median household here earns $52,716.
Where do these numbers come from?
The U.S. Census Bureau's American Community Survey 2020-2024 5-year estimates for Lapeer. They are medians, half above and half below, and today's listings and rents can differ.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates.