Housing costs in LaFayette?
A typical home costs
$125,800, which is 62.8% less expensive than the national average of
$338,100 and 35.3% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in LaFayette costs
$840 per month, which is 8.7% cheaper than the national average of
$920 and 16.7% cheaper than the state average of
$980.
Can I afford LaFayette?
To live comfortably in LaFayette (zip 42254), Kentucky, a minimum annual income of
$24,120 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about LaFayette?
Living in 42254 LaFayette, KY is quite affordable for most people. The median home price in the area is around $129,000, which is lower than both the state and national averages. Renting also remains relatively inexpensive in the area with median rents hovering around $819 a month. Utilities are also reasonable, with average monthly utility costs at just below $169 per month. Additionally, food and transportation costs remain low compared to other parts of Kentucky and the United States as a whole. All in all, 42254 LaFayette, KY offers an excellent quality of living at a fraction of the cost of many other places in Kentucky or the country more generally.