Lafayette, NJ Cost of Living


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Lafayette cost of living score
115
More expensive
15.0% higher
than the US average
4.0% lower
than the New Jersey average
Lafayette, New Jersey gets a BestPlaces Cost of Living score of 115, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 15.0% higher than the U.S. average and 4.0% higher than the average for New Jersey.

Lafayette, NJ

Housing costs in Lafayette?
A typical home costs $412,400, which is 22.0% more expensive than the national average of $338,100 and 4.6% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Lafayette costs $1,390 per month, which is 2.8% cheaper than the national average of $1,430 and 23.0% cheaper than the state average of $1,710.

Can I afford Lafayette?
To live comfortably in Lafayette, New Jersey, a minimum annual income of $78,840 for a family, and $46,400 for a single person is recommended.

What does A.I. say about Lafayette?
Living in Lafayette, NJ is relatively affordable. The median home price in the area is around $250,000, which is lower than the national average of $322,500. Rent prices are also below the national average, with the median rent at around $1,200 per month. Utilities are similarly priced to other areas in New Jersey and taxes are lower than some other areas as well. In general, Lafayette offers an affordable cost of living that makes it an attractive option for those looking to buy or rent a home in the area.
   Cost of living score
     CategoriesLafayetteNew JerseyUnited States
  115.0119.8100.0
  104.8105.8100
  99.196.9100.0
  130.4136.4100.0
  $412,400$432,100$338,100
  103.0%109.2%100.0%
  146.8127.7100.0
  116.0112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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