States › Michigan › Lapeer

Is Lapeer, MI expensive to live in?

ExpensiveRent takes 34 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,5929% lower than U.S. average
💵 Families earn per year (2026)$56,854about $4,738/month · 35% lower than U.S. average
🔑 House price$178,40046% lower than U.S. average

Rent is lower than in 53% of U.S. cities. A typical house costs about 3.1 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $63,680 a year. That is $31 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 129 of 179 cities from cheapest to most expensive.

Lapeer
$1,592
Ecorse
$1,234
Saline
$1,761
Greenville
$1,799
Benton Harbor
$941
Plymouth
$1,839
Temperance
$1,461

How much do households earn in Lapeer?

Under $25k
24.3%
$25k–50k
22.8%
$50k–100k
31.9%
$100k–150k
7.6%
$150k+
3.9%

Share of households by yearly income. 11.5% of households earn $100,000 or more.

Rent by apartment size in Lapeer

SizeLapeerU.S. average
Studio$1,056$1,338
1 bedroom$909$1,324
2 bedrooms$1,336$1,509
3 bedrooms$1,161$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Lapeer 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 Lapeer, so the Michigan figure is shown.

Taxes and bills in Lapeer

🏛️ Property tax$1,934a year · 1.08% of home value · U.S. $3,119
⚡ Electric bill$108a month (typical) · U.S. $156

Life in Lapeer

Commute to work25.4 minU.S.: 26.4 min
College degree16.5%U.S.: 35.7%
Own their home50.5%U.S.: 65.2%
Below poverty line24.5%U.S.: 12.5%
Unemployment3.6%U.S.: 5.2%

Is it cheaper to rent or buy in Lapeer?

Buying is cheaper month to month: about $354 a month less than renting.

Renting
$1,592
Owning
$1,238

Owning assumes a typical $178,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $17,840 for the down payment.

Frequently asked questions

What is the average rent in Lapeer, MI?

Renting in Lapeer costs a median of about $1,592 a month in 2026, including utilities. The Michigan median is $1,314.

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

To keep rent under 30% of income, you need about $63,680 a year, or $31 an hour at a full-time job.

Is Lapeer cheap or expensive?

Lapeer is rated Expensive: rent takes 33.6% of the typical household income of $56,854. It ranks 129th cheapest of 179 Michigan cities we track.

How much are property taxes in Lapeer?

The median homeowner in Lapeer pays $1,934 a year in property taxes, about 1.08% of the median home value.

Is Lapeer 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 Lapeer?

The median home value in Lapeer is $178,400, about 3.1 times the typical yearly household income.

9,082 people live in Lapeer. Numbers are typical (middle) values.