Housing costs in Lafayette?
A typical home costs
$134,100, which is 60.3% less expensive than the national average of
$338,100 and 38.7% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Lafayette costs
$1,040 per month, which is 27.3% cheaper than the national average of
$1,430 and 5.8% cheaper than the state average of
$1,100.
Can I afford Lafayette?
To live comfortably in Lafayette, Michigan, a minimum annual income of
$25,560 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Lafayette?
Lafayette is a great place to live due to its cost of living. Lafayette has a reasonable cost of living, especially when compared to larger cities in Michigan. The median home value in Lafayette is around $150,000, which is lower than the state average of $185,000. Additionally, utility costs are generally cheaper than other cities in the region and public transportation is available through the county transit system. Additionally, taxes are relatively low with property tax rates being well below the national average. All these factors make Lafayette a great place for people looking for an affordable place to live.