Zip 47906 (West Lafayette, IN) Cost of Living


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West Lafayette cost of living score
83.5
Less expensive
16.5% lower
than the US average
0.2% lower
than the Indiana average
West Lafayette (zip 47906), Indiana gets a BestPlaces Cost of Living score of 83.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 16.5% lower than the U.S. average and 0.2% higher than the average for Indiana.

Zip 47906 (West Lafayette, IN)

Housing costs in West Lafayette?
A typical home costs $299,000, which is 11.6% less expensive than the national average of $338,100 and 34.9% more expensive than the average Indiana home, at $221,600. Renting a two-bedroom unit in West Lafayette costs $1,130 per month, which is 21.0% cheaper than the national average of $1,430 and 13.3% more than the state average of $980.

Can I afford West Lafayette?
To live comfortably in West Lafayette (zip 47906), Indiana, a minimum annual income of $57,240 for a family, and $38,800 for a single person is recommended.

What does A.I. say about West Lafayette?
The cost of living in 47906 West Lafayette, IN is relatively affordable compared to other areas. The median home value is $149,400, and the average rental rate for apartments and homes is around $1,000 per month. The cost of groceries and transportation are generally lower than the national averages. Prices are also quite reasonable when it comes to dining out or entertainment. Overall, 47906 West Lafayette, IN offers residents a good quality of life at an affordable price point.
   Cost of living score
     CategoriesWest LafayetteIndianaUnited States
  83.583.7100.0
  9792.9100
  92.094.4100.0
  95.563.8100.0
  $299,000$221,600$338,100
  99.8%97.2%100.0%
  73.285.4100.0
  101.8102.0100.0

   100=National Average

   Average Rent by Bedroom Size
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