Housing costs in Lapeer?
A typical home costs
$212,400, which is 37.2% less expensive than the national average of
$338,100 and 2.9% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Lapeer costs
$1,000 per month, which is 9.1% cheaper than the national average of
$1,100 and 22.0% cheaper than the state average of
$1,220.
Can I afford Lapeer?
To live comfortably in Lapeer (zip 48446), Michigan, a minimum annual income of
$40,680 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Lapeer?
The cost of living in Lapeer, MI is quite reasonable. The median home price is $114,500, which makes it much more affordable than many other cities in Michigan. Additionally, the overall cost of living is well below the national average and about 8% lower than the state average. Utilities are also relatively inexpensive as electricity and natural gas costs are below the U.S. average. Grocery prices are on par with the rest of Michigan while transportation costs remain relatively low compared to other states in the region. All in all, living in 48446 Lapeer, MI comes with a very reasonable cost of living that makes it an attractive option for those looking to move to a more rural area with easy access to Detroit.