Housing costs in Lafayette?
A typical home costs
$214,000, which is 36.7% less expensive than the national average of
$338,100 and 30.9% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Lafayette costs
$890 per month, which is 37.8% cheaper than the national average of
$1,430 and 39.3% cheaper than the state average of
$1,240.
Can I afford Lafayette?
To live comfortably in Lafayette, Minnesota, a minimum annual income of
$41,040 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Lafayette?
The cost of living in Lafayette, MN is relatively low compared to other cities in the surrounding area. The average home price is around $184,000, with rental prices averaging about $953 per month. Property taxes are also lower than the national average, making it an attractive option for those looking to save money on housing costs. Additionally, groceries and goods tend to be cheaper than in nearby cities due to the proximity of inexpensive megastores like Walmart and Target. Overall, Lafayette offers residents a quality lifestyle with access to amenities while still providing an affordable cost of living.