Housing costs in Lafayette?
A typical home costs
$214,200, which is 36.6% less expensive than the national average of
$338,100 and 22.8% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Lafayette costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 24.4% cheaper than the state average of
$1,070.
Can I afford Lafayette?
To live comfortably in Lafayette, Tennessee, a minimum annual income of
$41,040 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Lafayette?
The cost of living in Lafayette, TN is relatively affordable compared to other parts of Tennessee. On average, housing costs are 14.1% lower than the national average, while transportation costs are 16% lower and utilities are 3.1% lower. Overall, Lafayette offers an accessible cost of living that makes it a desirable place to live. The area is home to many job opportunities and the local economy has seen steady growth in recent years with new businesses popping up regularly. With its low cost of living and economic stability, Lafayette is an ideal place for those looking for a secure and affordable place to call home.