Cost of Living: Billings, MT vs Lafayette, IN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Billings | Lafayette |
|---|---|---|
| Housing Index | 90.0 | 90.0 |
| Median Home Price | $308,000 | $218,000 |
| Average Rent (2 BR Apartment) | $1200 | $900 |
| Average Rent (2 BR House) | $1280 | $950 |
Housing Comparison: Billings vs Lafayette
- In Billings, the median home price is higher at $308,000, while in Lafayette it is $218,000.
- In Lafayette, the rental for a two-bedroom apartment stands at $900, while it is $1,200 in Billings.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Billings | Lafayette |
|---|---|---|
| Electricity Price | $13.58 | $14.89 |
| Natural Gas Price | $8.31 | $Data is updating |
| Other Utilities | $200 | $250 |
Utilities Comparison: Billings vs Lafayette
- Lafayette has higher electricity costs at $14.89 per kWh, versus $13.58 in Billings.
- Natural gas price data is currently unavailable.
- Lafayette has higher utility expenses, averaging $250, while Billings averages $200.