Housing costs in Lafayette?
A typical home costs
$144,800, which is 57.2% less expensive than the national average of
$338,100 and 34.7% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Lafayette costs
$1,020 per month, which is 28.7% cheaper than the national average of
$1,430 and 3.9% more than the state average of
$980.
Can I afford Lafayette?
To live comfortably in Lafayette (zip 47904), Indiana, a minimum annual income of
$27,720 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Lafayette?
The cost of living in 47904 Lafayette, IN is relatively low compared to many other areas. According to the BestPlaces Cost of Living Index, housing costs are 4% lower than the national average while overall living expenses are 10% lower than the U.S. average. This makes it a great option for those looking for an affordable place to live without sacrificing on quality of life. The median home price in the area is $164,900 and the median household income stands at $48,424—both figures below the national averages. Additionally, utilities are fairly inexpensive as well, with electricity rates below that of most major cities in Indiana and Illinois. In conclusion, 47904 Lafayette, IN is an affordable and comfortable option for anyone looking to relocate or just spend some time in a new city.