Cost of Living in Lambertville, MI

Population 9,708 · Michigan · Data vintage 2023

82
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Lambertville is a smaller Michigan community of around 10000 residents, where median household incomes of $100,134 and housing costs ($234,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 2.8% points to a labor market well on the tight side of the national distribution.

Located 6 miles northwest of Toledo, Lambertville falls within that metro's commuting orbit. Median home values run roughly 118% higher than Toledo's $107,000.

Cost Overview

Housing 77
Rent 91

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Lambertville

The median home value in Lambertville is $233,500 — 23% below the national median of $305,000. Median rent runs $1,191/month, 9% lower than the national median of $1,314/month. The median household income of $100,134/year is 34% higher than the US median of $74,580. The local unemployment rate is 2.8%, below the national average of 4.8%. Michigan's top state income tax rate is 4.3% and the combined sales tax is 6.0%. The climate averages highs of 61.9°F and lows of 42.6°F, with about 37.4" of annual snowfall. Overall, Lambertville has a cost of living index of 82 versus the US average of 100, meaning it is 18% less expensive.

🏠 Housing

Median Home Value
$233,500
23% below avg
Zillow Home Value
$397,963
Zillow ZHVI
Median Rent
$1,191/mo
9% below avg
Price-to-Rent Ratio
16.3x
Favors buying
Property Tax Rate
1.5%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$707
1 BR
$780
2 BR
$962
3 BR
$1,290
4 BR
$1,444
Owner-occupied 95.3%
Renter-occupied 4.8%

💰 Estimated Monthly Budget

Rent median rent
$1,191
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,805/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
26.4 min
2% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
6.9%

Commute Mode

Drove alone
82.4%
Carpooled
7.6%
Public transit
0.1%
Walked
1.1%
Bicycle
0.6%
Work from home
6.9%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.3%
Total Sales Tax 6.0%
State rate 6.0%
Avg local rate 0.0%
Property Tax 1.5%

💼 Income & Employment

Median Household Income
$100,134
34% above avg
Per Capita Income
$47,344
Unemployment Rate
2.8%
41% below avg
Poverty Rate
4.6%
Labor Force Participation
62.3%

🎓 Education

Bachelor's degree+ 21.4%
Graduate degree 11.0%

👥 Demographics

Median Age 45.8
Male median age 44.9
Female median age 46.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
61.9°F
Avg Low
42.6°F
Annual Precip
35"
Annual Snowfall
37.4"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 353848627383878478655139
Low °F 202230405161646355443526
Precip" 2.372.282.613.453.823.453.273.152.932.592.652.44
Snow" 12.310.25.31.30.00.00.00.00.00.11.76.5

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 25 — Good
90.8%
Good air days/yr
82
Max AQI recorded
0
PM2.5 days
0
Ozone days

Frequently Asked Questions

What is the cost of living in Lambertville, MI?

Lambertville has a cost index of 82 (100 = national average). It is 18% below the national average.

What is average rent in Lambertville, MI?

The median gross rent in Lambertville is $1,191 per month based on 2023 Census data.

What is the average home price in Lambertville?

The median home value in Lambertville is $233,500 according to Zillow and Census data.

What is the median income in Lambertville?

The median household income in Lambertville is $100,134 per year (2023 ACS 5-year estimates).

What is the sales tax in Lambertville, MI?

The combined state and local sales tax rate in Lambertville is 6.0%. The Michigan state income tax top rate is 4.3%.

Is Lambertville, MI affordable?

Yes, Lambertville is generally considered affordable, with a cost of living index of 82 — about 18% below the US national average of 100.

What is the weather like in Lambertville?

Lambertville has average high temperatures of 61.9°F and average lows of 42.6°F. Annual precipitation is 35". Average annual snowfall is 37.4". Data from NOAA 1991–2020 Climate Normals.

Lambertville at a Glance

Population
9,708
Median Income
$100,134
Home Value
$233,500
Median Rent
$1,191/mo
Unemployment
2.8%
Avg High Temp
61.9°F
Sales Tax
6.0%
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🗺️ County data for Michigan

Explore county-level cost of living data

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