Cost of Living: Richmond, MI vs Lafayette, LA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Richmond | Lafayette |
|---|---|---|
| Housing Index | Data is updating | 90.0 |
| Median Home Price | $152,000 | $215,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $1200 |
| Average Rent (2 BR House) | $Data is updating | $1360 |
Housing Comparison: Richmond vs Lafayette
- The median home price in Lafayette is higher at $215,000, compared to $152,000 in Richmond.
- The rent for a two-bedroom apartment is equal in both Richmond and Lafayette at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Richmond | Lafayette |
|---|---|---|
| Electricity Price | $19.88 | $11.42 |
| Natural Gas Price | $15.42 | $19.48 |
| Other Utilities | $Data is updating | $200 |
Utilities Comparison: Richmond vs Lafayette
- Electricity costs are higher in Richmond at $19.88 per kWh, compared to $11.42 in Lafayette.
- Lafayette experiences higher natural gas costs at $19.48 per unit, with costs at $15.42 in Richmond.
- Utility expenses are equal in both Richmond and Lafayette averaging $0.0.