Housing costs in Lafayette?
A typical home costs
$228,300, which is 32.5% less expensive than the national average of
$338,100 and 3.0% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Lafayette costs
$1,060 per month, which is 25.9% cheaper than the national average of
$1,430 and 7.5% more than the state average of
$980.
Can I afford Lafayette?
To live comfortably in Lafayette (zip 47909), Indiana, a minimum annual income of
$43,920 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Lafayette?
Living in 47909 Lafayette, IN can be quite affordable. The median home value is $118,400 and the median rent is $808 per month. The cost of groceries and health care are both below the national average. Utilities including electricity, heating, water, and garbage are all reasonably priced compared to other cities in Indiana. Transportation costs are also relatively low with an average commute time of 18 minutes. All of these factors make 47909 Lafayette a great place for those looking for an affordable cost of living.