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Apartments Near Lapeer
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Living In Lapeer, MI
Lapeer, Michigan is a small town with just under 9,000 residents. The town's population, with an average age of just under 40, is fairly typical compared to other cities in Michigan, which has an average age of 38. By a slim 53%-47% margin, renters are slightly more common than homeowners in Lapeer. With a relatively reasonable average rent of $744 per month in the town, renting remains an affordable option, particularly compared to other cities in Michigan. Over the course of a year, renters in Lapeer will save around $1,600 compared to the state average.
Seven percent of the population in Lapeer works in manufacturing, making it the most common industry. Meanwhile, looking at job function, many of the town's residents work in transportation, as 7% of the town's population reports this as their field of work, the highest number of any career path. With an average annual income of around $45K, Lapeer workers earn about $16,000 less than the average Michigan resident. The town's average income also trails the national average of $73,345. Compared to the national average, Lapeer has a large number of residents over the age of 25 with a high school degree or equivalent (28%). Further, 6% possess a Bachelor's degree and 3% have a Master's or Doctoral degree.
Averaging about 28 minutes, the commute time for Lapeer residents is longer than the state average of about 25 minutes. Many residents (30%) drive to work, while public transportation isn't used extensively. Walking isn't a common method of commuting to work.
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