Cost of Living: Lafayette, IN vs Loves park, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lafayette | Loves park |
|---|---|---|
| Housing Index | 90.0 | 80.0 |
| Median Home Price | $218,000 | $213,000 |
| Average Rent (2 BR Apartment) | $900 | $1200 |
| Average Rent (2 BR House) | $950 | $1600 |
Housing Comparison: Lafayette vs Loves park
- In Lafayette, the median home price is higher at $218,000, while in Loves park it is $213,000.
- Renting a two-bedroom apartment costs more in Lafayette at $900 than in Loves park at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lafayette | Loves park |
|---|---|---|
| Electricity Price | $14.89 | $16.15 |
| Natural Gas Price | $Data is updating | $16.59 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Lafayette vs Loves park
- Loves park has higher electricity costs at $16.15 per kWh, versus $14.89 in Lafayette.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Lafayette and Loves park averaging $250.