Cost of Living: Madisonville, TX vs Lafayette, LA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Madisonville | Lafayette |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $204,000 | $215,000 |
| Average Rent (2 BR Apartment) | $880 | $1200 |
| Average Rent (2 BR House) | $850 | $1360 |
Housing Comparison: Madisonville vs Lafayette
- The median home price in Lafayette is higher at $215,000, compared to $204,000 in Madisonville.
- Renting a two-bedroom apartment costs more in Madisonville at $880 than in Lafayette 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 | Madisonville | Lafayette |
|---|---|---|
| Electricity Price | $14.47 | $11.42 |
| Natural Gas Price | $26.29 | $19.48 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Madisonville vs Lafayette
- Electricity costs are higher in Madisonville at $14.47 per kWh, compared to $11.42 in Lafayette.
- Natural gas is more expensive in Madisonville at $26.29 per unit, while it is cheaper at $19.48 in Lafayette.
- Utility expenses are equal in both Madisonville and Lafayette averaging $200.