Housing costs in Lafayette?
A typical home costs
$214,500, which is 36.6% less expensive than the national average of
$338,100 and 3.2% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Lafayette costs
$960 per month, which is 2.0% cheaper than the national average of
$980 and 9.4% cheaper than the state average of
$1,050.
Can I afford Lafayette?
To live comfortably in Lafayette (zip 47901), Indiana, a minimum annual income of
$41,040 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Lafayette?
The cost of living in 47901 Lafayette, IN is relatively low compared to other areas in the country. According to Area Vibes, the cost of living index is 79.9, which is lower than the US average of 100. This means that everyday expenses like groceries, gas, and utilities are slightly more affordable than national averages. Housing prices tend to be more reasonable as well, with median home values being around $112k and rental costs averaging around $720 a month. Overall, living in 47901 Lafayette provides an affordable lifestyle without sacrificing amenities or convenience.