Housing costs in Lafayette?
A typical home costs
$198,500, which is 41.3% less expensive than the national average of
$338,100 and 10.4% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Lafayette costs
$1,050 per month, which is 26.6% cheaper than the national average of
$1,430 and 6.7% more than the state average of
$980.
Can I afford Lafayette?
To live comfortably in Lafayette, Indiana, a minimum annual income of
$38,160 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Lafayette?
Lafayette, Indiana has a cost of living index rating slightly higher than that if the nation at 102 due mostly to its moderately high housing costs making up 41% -above the national average 43%. Utility costs are also above average partly owing to expensive power sources such as coal or nuclear energy providing citizens with a generally more expensive option but having access similar amenities found citywide regardless where one calls home. Transportation makes up 14 percent, groceries 11%, healthcare 8% contributing further towards increased total expenses when compared with many other U.S cities .