Lambertville, MI Cost Of Living
Cost Of Living In Lambertville, MI Summary
Cost of living in Lambertville research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lambertville is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Michigan, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Lambertville is 94, with 100 being the average.
The cost of living index in Lambertville is 0.9x lower than the national average.
Lambertville ranks as the #117 cheapest in Michigan out of 175.
Lambertville ranks as the #2,290 cheapest out of 6,412 in the US.
The median home value in Lambertville is $186,300.
The median income in Lambertville is $93,415.
Table Of Contents
Lambertville's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Lambertville, MI?
According to the most recent data on the cost of living, Lambertville has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Michigan, Lambertville has a cost of living index that's 1.0x higher than Michigan's index of 92.
The standard of living in Lambertville ranks as #117 most affordable out of the 175 places we measured in Michigan. By definition, that implies Lambertville ranks as the #58 most expensive place in the Wolverine State.
For more reading on life in Lambertville, check out:
- Living In Lambertville
- Search Homes For Sale In Lambertville, MI
In Michigan
In America
Lambertville Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Lambertville. Here is how it fairs on each of the criteria:
The Services index in Lambertville is 97.
The Groceries index in Lambertville is 99.
The Health index in Lambertville is 98.
The Housing index in Lambertville is 94.
The Transportation index in Lambertville is 107.
The Utilities index in Lambertville is 84.
| Living Expense | Lambertville | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 94 | 92 | 100 | |
| Services | 97 | 96 | 100 | |
| Groceries | 99 | 96 | 100 | |
| Health | 98 | 94 | 100 | |
| Housing | 94 | 80 | 100 | |
| Transportation | 107 | 97 | 100 | |
| Utilities | 84 | 100 | 100 | |
Lambertville, MI Housing Cost Breakdown
Housing swings affordability the most between places in Michigan, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Lambertville is $186,300.
The Median Rent in Lambertville is $979.
The Median Income in Lambertville is $93,415.
The Home Value To Income in Lambertville is 2.0x.
The Rent To Monthly Income in Lambertville is 0.13x.
| Statistic | Lambertville | Michigan | United States |
|---|---|---|---|
| Median Home Value | $186,300 | $172,100 | $244,900 |
| Median Rent | $979 | $946 | $1,163 |
| Median Income | $93,415 | $63,202 | $69,021 |
| Home Value To Income | 2.0x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.13x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Lambertville, MI Costs By Category
Detailed Lambertville Services Costs Vs. Michigan
| Item | Lambertville | Michigan |
|---|---|---|
| Shampoo | $1.04 | $1.06 |
| Movie | $11.18 | $10.68 |
| Bowling | $12.05 | $14.67 |
| Haircut | $18.64 | $18.62 |
| Beauty Salon | $30.81 | $39.05 |
Detailed Lambertville Groceries Costs Vs. Michigan
| Item | Lambertville | Michigan |
|---|---|---|
| Ground Beef | $4.75 | $4.22 |
| Fried Chicken | $1.09 | $1.39 |
| Milk | $1.65 | $2.05 |
| Potatoes | $3.48 | $3.29 |
| Pizza | $12.02 | $10.62 |
| Beer | $9.38 | $9.38 |
| Toothpaste | $2.7 | $2.34 |
Detailed Lambertville Health Costs Vs. Michigan
| Item | Lambertville | Michigan |
|---|---|---|
| Optometrist | $95.0 | $108.57 |
| Doctor | $100.0 | $116.17 |
| Dentist | $97.0 | $99.13 |
Detailed Lambertville Transportation Costs Vs. Michigan
| Item | Lambertville | Michigan |
|---|---|---|
| Gasoline | $2.43 | $2.22 |
| Tire Balancing | $48.0 | $50.07 |
Detailed Lambertville Utilities Costs Vs. Michigan
| Item | Lambertville | Michigan |
|---|---|---|
| All Electricity | $127.88 | $167.67 |
| Phone | $178.72 | $175.64 |
Lambertville SnackAbility
/10
Cost Of Living In Cities Around Lambertville
The cost of living varies in the cities and towns around Lambertville. Here's a quick look at the cost of living in the most populous nearby places:
Toledo, OH has a cost of living index of 85, 0.9x Lambertville.
Perrysburg, OH has a cost of living index of 99, 1.1x Lambertville.
Oregon, OH has a cost of living index of 90, 1.0x Lambertville.
| City | Population | Cost Of Living | Vs. Lambertville |
|---|---|---|---|
| Toledo, OH | 271,454 | 85 | 0.9x |
| Perrysburg, OH | 24,633 | 99 | 1.1x |
| Oregon, OH | 19,935 | 90 | 1.0x |
| Sylvania, OH | 18,991 | 92 | 1.0x |
| Maumee, OH | 13,915 | 91 | 1.0x |
| Temperance, MI | 8,866 | 97 | 1.0x |
| South Monroe, MI | 6,526 | 89 | 0.9x |
| Rossford, OH | 6,330 | 90 | 1.0x |
| Waterville, OH | 5,943 | 97 | 1.0x |
| Northwood, OH | 5,195 | 90 | 1.0x |
