Lapeer, MI
Population 9,053 · Michigan
About Lapeer, MI
Lapeer is a small town located in Michigan with a population of 9,053 residents according to the latest US Census Bureau American Community Survey data. The median household income is $53,038 per year, which is 29% below the national median of $75,149. The median age of 38.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lapeer features a median home value of $165,300, which is 33% below the national median of $244,900. This positions Lapeer in a moderately priced market relative to the rest of the country. Median monthly rent is $947, 19% below the national average of $1,163/month. Of the 3,880 total housing units, 50% are owner-occupied (1,798 units) and 50% are renter-occupied (1,804 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Lapeer shows an unemployment rate of 3.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 21.0%, above the national average of 12.4%. Workers in Lapeer have an average one-way commute time of 26.9 minutes.
Education & Demographics
15.1% of Lapeer residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 3.9% White, 3.4% Hispanic or Latino, 1.6% Black or African American, and 0.0% Asian residents, with 0.7% of the population being foreign-born.
Cost of Living in Lapeer, MI
Compared to national averages, Lapeer has a median household income of $53,038 (29% below the national median of $75,149). Home values average $165,300, which is 33% below the national median. Monthly rent at $947 is 19% below the US average of $1,163. Within Michigan, Lapeer's income is 20% below the state average of $66,017, and home values are 10% below the state median of $183,391.
Why Live in Lapeer, MI?
Lapeer offers affordable housing with a median home value of $165,300, below the US average of $244,900, and rent that’s lower than the national average at $947/month, and a strong job market with an unemployment rate of just 3.4%.
Potential considerations include median household income ($53,038) that falls below the national average. However, Lapeer’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lapeer has a population of 9,053 with a median age of 38.8 years. Compare Lapeer with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Lapeer
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Benton Harbor | 9,023 | $29,652 | $75,500 | Compare |
| Saline | 8,976 | $90,662 | $310,600 | Compare |
| Westwood | 8,968 | $62,408 | $187,300 | Compare |
| Ecorse | 9,170 | $45,082 | $59,400 | Compare |
| Greenville | 8,897 | $55,477 | $160,600 | Compare |
| Plymouth | 9,234 | $111,742 | $418,200 | Compare |
| Charlotte | 9,269 | $63,385 | $140,500 | Compare |
| Highland Park | 8,798 | $27,582 | $75,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lapeer With Other Cities
Frequently Asked Questions about Lapeer
What is the population of Lapeer, MI?
The population of Lapeer, MI is 9,053 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Michigan.
What is the median household income in Lapeer?
The median household income in Lapeer, MI is $53,038 per year, which is 29% below the national median of $75,149.
What is the median home value in Lapeer?
The median home value in Lapeer, MI is $165,300, which is 33% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Lapeer?
The median monthly rent in Lapeer, MI is $947, which is 19% below the national average of $1,163/month.
What is the unemployment rate in Lapeer?
The unemployment rate in Lapeer, MI is 3.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lapeer, MI a good place to live?
Lapeer offers a moderate cost of living, affordable housing, and a strong job market. With a population of 9,053 and a median age of 38.8, the city appeals to a broad range of residents.
How educated is Lapeer, MI?
15.1% of residents in Lapeer aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lapeer?
Key cost-of-living indicators for Lapeer, MI: median home value is $165,300 (33% below national), median rent is $947/month, and median household income is $53,038. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lapeer?
The poverty rate in Lapeer, MI is 21.0%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Lapeer, MI?
Lapeer's population is 3.9% White, 3.4% Hispanic or Latino, 1.6% Black or African American, 0.0% Asian, and 10.0% two or more races. 0.7% of residents are foreign-born.