Housing costs in West Lafayette?
A typical home costs
$247,200, which is 26.9% less expensive than the national average of
$338,100 and 11.6% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in West Lafayette costs
$1,040 per month, which is 27.3% cheaper than the national average of
$1,430 and 5.8% more than the state average of
$980.
Can I afford West Lafayette?
To live comfortably in West Lafayette (zip 47907), Indiana, a minimum annual income of
$47,520 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about West Lafayette?
The cost of living in 47907 West Lafayette, IN is relatively low compared to other parts of the country. The median home value for the area is around $140,000, and the median rent is around $800 a month. Utilities for an average household are also quite reasonable, usually costing around $100 - $200 per month. Groceries and other necessities like toiletries are slightly more expensive than other parts of the country, but overall still very affordable. The cost of living in this area is one of its defining features, allowing people to live comfortably while still having money left over for entertainment or savings.