States › Michigan › Lambertville

Is Lambertville, MI expensive to live in?

CheapRent takes 15 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,38021% lower than U.S. average
💵 Families earn per year (2026)$110,569about $9,214/month · 27% higher than U.S. average
🔑 House price$256,40023% lower than U.S. average

Rent is lower than in 64% of U.S. cities. That makes it a rare mix of above-average pay and below-average rent. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (95.8%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $55,200 a year. That is $27 an hour at a full-time job.

Is rent cheaper than other Michigan cities?

No. Rent here is more expensive than in most of Michigan. It is number 102 of 179 cities from cheapest to most expensive.

Lambertville
$1,380
Marysville
$1,683
Grosse Pointe Farms
$1,557
Howell
$1,481
Muskegon Heights
$983
Alpena
$748
Flat Rock
$1,016

How much do households earn in Lambertville?

Under $25k
5.7%
$25k–50k
17.2%
$50k–100k
34.6%
$100k–150k
24.2%
$150k+
16.3%

Share of households by yearly income. 40.5% of households earn $100,000 or more.

How expensive is Lambertville overall?

Everyday prices in Michigan overall are 4% below the U.S. average (index 96.2, U.S. = 100).

Housing
82
Goods (food, clothes…)
96
Utilities
100
Other services
101
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Lambertville, so the Michigan figure is shown.

Taxes and bills in Lambertville

🏛️ Property tax$2,727a year · 1.06% of home value · U.S. $3,119
⚡ Electric bill$143a month (typical) · U.S. $156

Life in Lambertville

Commute to work24.8 minU.S.: 26.4 min
College degree30.2%U.S.: 35.7%
Own their home95.8%U.S.: 65.2%
Below poverty line5.6%U.S.: 12.5%
Unemployment2%U.S.: 5.2%

Is it cheaper to rent or buy in Lambertville?

Renting is cheaper right now: about $399 a month less.

Renting
$1,380
Owning
$1,779

Owning assumes a typical $256,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $25,640 for the down payment.

Frequently asked questions

What is the average rent in Lambertville, MI?

Renting in Lambertville costs a median of about $1,380 a month in 2026, including utilities. The Michigan median is $1,314.

How much do I need to make to live in Lambertville?

To keep rent under 30% of income, you need about $55,200 a year, or $27 an hour at a full-time job.

Is Lambertville cheap or expensive?

Lambertville is rated Cheap: rent takes 15.0% of the typical household income of $110,569. It ranks 102nd cheapest of 179 Michigan cities we track.

How much are property taxes in Lambertville?

The median homeowner in Lambertville pays $2,727 a year in property taxes, about 1.06% of the median home value.

Is Lambertville more expensive than the national average?

Overall prices in Michigan are 4% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Lambertville?

The median home value in Lambertville is $256,400, about 2.3 times the typical yearly household income.

9,955 people live in Lambertville. Numbers are typical (middle) values.