Housing costs in Lafayette?
A typical home costs
$215,000, which is 36.4% less expensive than the national average of
$338,100 and 30.5% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Lafayette costs
$880 per month, which is 29.0% cheaper than the national average of
$1,240 and 20.5% cheaper than the state average of
$1,060.
Can I afford Lafayette?
To live comfortably in Lafayette (zip 56054), Minnesota, a minimum annual income of
$41,040 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Lafayette?
The cost of living in 56054 Lafayette, MN is relatively low compared to other parts of the country. The median home price in the area is $184,000, which is significantly lower than the national average. Additionally, the annual property taxes for a single-family home are only around $2,100 per year. Additionally, utilities are affordable and gasoline prices remain generally consistent throughout the state. The overall cost of living in 56054 Lafayette provides an excellent value for families and individuals looking for affordable housing options.