What is the median household income in Lapeer Township, MI?
The median household income in Lapeer Township, MI is $70,197 (±$10,687) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,362 a month would take about $54,500 a year at the common guideline of spending no more than 30% of income on rent.
In Lapeer Township, the median household income went from $72,948 in 2015–2019 to $70,197 in 2020–2024 (−3.8%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
Figures last updated on .
- Median household income
- $70,197 (±$10,687)
- Median renter income
- $46,203 (±$10,031)
- Income to afford median rent
- about $54,500
Income in Lapeer Township against Lapeer County, its state and the nation
| Lapeer Township | Lapeer County | Michigan | United States | |
|---|---|---|---|---|
| Median household income | $70,197 (±$10,687) | $77,306 (±$2,688) | $72,875 (±$293) | $80,734 |
| Median renter household income | $46,203 (±$10,031) | $34,446 (±$2,836) | $42,352 (±$376) | $52,966 |
| Median owner household income | $75,000 (±$9,905) | $84,005 (±$2,264) | $87,130 (±$344) | $100,009 |
| Median gross rent | $1,362 (±$420) | $988 (±$48) | $1,129 (±$4) | $1,413 |
In Lapeer Township, median household income is not measurably different from Lapeer County ($77,306).
It is not measurably different from Michigan ($72,875).
It is not measurably different from the national figure ($80,734).
In Lapeer County, Lapeer Township ranks 14 of 20 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 740 of 1,517.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Lapeer Township
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,362 a month ($16,344 a year) needs an income of about $54,500 a year.
The median renting household in Lapeer Township earns $46,203 a year, less than that.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $72,948 (±$7,511) | $70,197 (±$10,687) | −3.8% | Down after inflation |
| Median gross rent | $960 (±$103) | $1,362 (±$420) | +41.9% | No measurable change after inflation |
| Median home value | $178,400 (±$18,466) | $254,100 (±$32,220) | +42.4% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Lapeer Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Lapeer Township | — | $70,197 (±$10,687) | — |
| Lapeer | 3.9 mi | $52,716 (±$6,935) | Lower |
| Metamora | 4.3 mi | $85,750 (±$28,991) | Not measurably different |
| Metamora Township | 4.9 mi | $108,565 (±$13,586) | Higher |
| Attica Township | 5.7 mi | $75,223 (±$15,663) | Not measurably different |
| Elba Township (Lapeer County) | 6.2 mi | $82,994 (±$15,022) | Not measurably different |
| Dryden Township | 6.8 mi | $103,860 (±$13,557) | Higher |
| Mayfield Township (Lapeer County) | 6.9 mi | $68,774 (±$6,610) | Not measurably different |
| Hadley Township | 8.2 mi | $110,938 (±$10,422) | Higher |
Nearby places with a measurably lower figure: Lapeer, MI ($52,716).
Nearby places with a measurably higher figure: Metamora Township, MI ($108,565), Dryden Township, MI ($103,860), Hadley Township, MI ($110,938).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Lapeer County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 8 | Imlay Township | $82,988 (±$13,689) |
| 9 | Arcadia Township (Lapeer County) | $79,985 (±$7,444) |
| 10 | North Branch Township | $77,941 (±$7,018) |
| 11 | Burnside Township | $75,833 (±$12,545) |
| 12 | Attica Township | $75,223 (±$15,663) |
| 13 | Deerfield Township (Lapeer County) | $72,241 (±$9,713) |
| 14 | Lapeer Township | $70,197 (±$10,687) |
| 15 | Mayfield Township (Lapeer County) | $68,774 (±$6,610) |
| 16 | Rich Township | $66,000 (±$24,025) |
| 17 | Marathon Township | $65,511 (±$11,662) |
| 18 | Burlington Township (Lapeer County) | $61,198 (±$7,147) |
| 19 | Imlay City | $59,911 (±$17,109) |
| 20 | Lapeer | $52,716 (±$6,935) |
Showing 13 of 20 places in Lapeer County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Lapeer Township
What is the median household income in Lapeer Township?
The median household income in Lapeer Township is $70,197 (±$10,687) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Lapeer Township?
About $54,500 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,362 a month.
Have incomes in Lapeer Township kept up with inflation?
In Lapeer Township, the median household income went from $72,948 in 2015–2019 to $70,197 in 2020–2024 (−3.8%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
What do renters earn in Lapeer Township?
The median renting household in Lapeer Township, MI earns $46,203 (±$10,031) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Lapeer township, Lapeer County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Lapeer township, Lapeer County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lapeer township, Lapeer County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Lapeer township, Lapeer County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lapeer township, Lapeer County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Lapeer township, Lapeer County, Michigan
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Lapeer township, Lapeer County, Michigan (county subdivision:46060, in state:26 county:087).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Lapeer Township at a glance
- Median rent in Lapeer Township
- Renters and owners in Lapeer Township
- Home values in Lapeer Township
- Homeowner costs in Lapeer Township
- Property taxes in Lapeer Township
- Types of homes in Lapeer Township
- Bedrooms in Lapeer Township
- Age of homes in Lapeer Township
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- Crime reported to police in Lapeer Township
- Population growth in Lapeer Township
- How long people stay in Lapeer Township
- Michigan landlord and tenant rules
- Housing across Lapeer County
- Michigan places ranked by median household income
- Housing data for every place in Michigan