Lafayette, VA Cost of Living


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Lafayette cost of living score
89.6
Less expensive
10.4% lower
than the US average
14.0% lower
than the Virginia average
Lafayette, Virginia gets a BestPlaces Cost of Living score of 89.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 10.4% lower than the U.S. average and 14.0% lower than the average for Virginia.

Lafayette, VA

Housing costs in Lafayette?
A typical home costs $209,700, which is 38.0% less expensive than the national average of $338,100 and 38.9% less expensive than the average Virginia home, at $343,200. Renting a two-bedroom unit in Lafayette costs $840 per month, which is 41.3% cheaper than the national average of $1,430 and 66.7% cheaper than the state average of $1,400.

Can I afford Lafayette?
To live comfortably in Lafayette, Virginia, a minimum annual income of $40,320 for a family, and $27,200 for a single person is recommended.

What does A.I. say about Lafayette?
Lafayette, VA is a great place to live with an affordable cost of living. The median home value in Lafayette is just over $147,000, which is significantly lower than the national average. Additionally, the median household income is around $50,000 with residents only having to pay an average of 9% of their income on housing expenses. All other essential costs such as groceries and health care are relatively low, making it a great place for those looking for a more inexpensive lifestyle.
   Cost of living score
     CategoriesLafayetteVirginiaUnited States
  89.6104.2100.0
  95.999.6100
  117.2103.1100.0
  79.9112.9100.0
  $209,700$343,200$338,100
  97.4%99.3%100.0%
  69.699.4100.0
  139.4113.7100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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