Housing costs in La Fayette?
A typical home costs
$68,500, which is 79.7% less expensive than the national average of
$338,100 and 71.7% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in La Fayette costs
$770 per month, which is 46.2% cheaper than the national average of
$1,430 and 63.6% cheaper than the state average of
$1,260.
Can I afford La Fayette?
To live comfortably in La Fayette (zip 61449), Illinois, a minimum annual income of
$12,960 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about La Fayette?
The cost of living in 61449 La Fayette, IL is quite reasonable. The median home price in the area is around $85,000 and the median rental rate is around $699/month. Utility costs are relatively low compared to other areas of Illinois, and groceries, health care, transportation and other necessary expenses are all affordable. Overall, La Fayette offers a livable cost of living that is perfect for families and individuals looking to settle down without breaking the bank.