Housing costs in Lafayette?
A typical home costs
$127,300, which is 62.3% less expensive than the national average of
$338,100 and 35.4% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Lafayette costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and 4.3% cheaper than the state average of
$980.
Can I afford Lafayette?
To live comfortably in Lafayette (zip 45854), Ohio, a minimum annual income of
$24,480 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Lafayette?
The cost of living in 45854 Lafayette, OH is relatively affordable compared to other parts of the country. The median home price in the area is $155,000, which is lower than the national average. The median household income is slightly lower at $51,988 annually. This means that residents are able to maintain their quality of life with more money in their pockets compared to other places. In addition, many essential services and products are less expensive than in other cities, making it easier for residents to make ends meet. Despite this affordability, there are still higher costs associated with things like transportation and housing due to Lafayette's rural location.