Housing costs in Lafayette-West Lafayette?
A typical home costs
$227,900, which is 32.6% less expensive than the national average of
$338,100 and 2.8% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Lafayette-West 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-West Lafayette?
To live comfortably in Lafayette-West Lafayette Indi Metro Area, Indiana, a minimum annual income of
$43,560 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Lafayette-West Lafayette?
The cost of living in the Lafayette-West Lafayette, IN Metro Area is lower than the US average. At 82.9 on the Cost of Living Index, it is significantly cheaper than the national average of 100. This means that residents of Lafayette-West Lafayette have more buying power with their money and can afford more goods and services for their family. In addition, the median value of houses in this area is $227,900 which is much lower than the US average of $338,100, making housing more affordable for everyone.