Housing costs in Lafayette?
A typical home costs
$177,300, which is 47.6% less expensive than the national average of
$338,100 and 4.1% less expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Lafayette costs
$930 per month, which is 35.0% cheaper than the national average of
$1,430 and 7.5% cheaper than the state average of
$1,000.
Can I afford Lafayette?
To live comfortably in Lafayette Louisi Metro Area, Louisiana, a minimum annual income of
$33,840 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Lafayette?
The cost of living in the Lafayette, LA Metro Area is quite affordable when compared to the US average. While the US average Cost of Living is 100, Lafayette's Cost of Living is 87.1 - almost 13 points lower than the national average. This makes it an attractive option for those looking for a more budget-friendly place to live. Fortunately, despite its low cost of living, home values in the area are still relatively high compared with other areas of the country; the House Median Value in Lafayette is $177,300 which is much higher than the US average House Value of $338,100.