Zip 70506 (Lafayette, LA) Cost of Living

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Lafayette cost of living score
Less expensive
9.8% lower
than the US average
0.3% higher
than the Louisiana average
Lafayette (zip 70506), Louisiana gets a BestPlaces Cost of Living score of 90.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 9.8% lower than the U.S. average and 0.3% lower than the average for Louisiana.

Zip 70506 (Lafayette, LA)

Housing costs in Lafayette?
A typical home costs $192,900, which is 42.9% less expensive than the national average of $338,100 and 4.4% more expensive than the average Louisiana home, at $184,800. Renting a two-bedroom unit in Lafayette costs $1,000 per month, which is 0.0% cheaper than the national average of $1,000 and 7.0% more than the state average of $930.

Can I afford Lafayette?
To live comfortably in Lafayette (zip 70506), Louisiana, a minimum annual income of $37,080 for a family, and $35,200 for a single person is recommended.

What does A.I. say about Lafayette?
The cost of living in 70506 Lafayette, LA is moderately high when compared to other cities in the US. The median household income is higher than the national average at $50,846. However, housing costs are also 11% higher than the national average. Groceries and healthcare costs are similar to the nation's average. Utilities costs are about 4% lower than the national average. In terms of transportation, gasoline prices in Lafayette are about 6% cheaper than the US national average. All in all, while Lafayette may offer a slightly higher standard of living than other cities, its cost of living is still relatively expensive.
   Cost of living score
     CategoriesLafayetteLouisianaUnited States

   100=National Average

   Average Rent by Bedroom Size