Cost of Living in Lapeer County, Michigan
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Lapeer County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Lapeer County ranks #2,260 of 3,142 counties for affordability (bottom 28%)
Sourced county brief
Lapeer County Median Monthly Owner Costs Reach $1,082
Median selected monthly owner costs for all owner-occupied units in Lapeer County were $1,082, which is $164 higher than the Michigan unweighted county mean of $918. The median home value in the county was estimated at $239,000, compared to the state unweighted county mean of $197,293. For renters, the median gross rent was $988 per month, while the median renter-household income was $34,446. The official ACS B25071 gross rent as a percentage of household income (GRAPI) was 30.7%. This official GRAPI is 1.8 percentage points above the Michigan unweighted county mean of 28.9%. All measurements are snapshots from the 2020-2024 ACS 5-Year Estimates. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Lapeer County
Affordability Verdict
ACS B25071 estimates median gross rent at 30.7% of renter household income in Lapeer County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $988 per month; median selected monthly owner costs are $1,082. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $39,520 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Michigan unweighted mean of county median rents is $906 per month. Lapeer County's $988 median is 9.1% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Lapeer County
Rent Burden
15.3%
of gross income
Max Housing (28% Rule)
$1,804
per month
Owner Cost Burden
16.8%
of gross income
The median home in Lapeer County may be a stretch
Median home value is $239,000. Estimated monthly cost: $1,908 vs. your max of $1,804.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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