Cost of Living: Hickory, NC vs Lafayette, IN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hickory | Lafayette |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $274,000 | $218,000 |
| Average Rent (2 BR Apartment) | $1200 | $900 |
| Average Rent (2 BR House) | $1325 | $950 |
Housing Comparison: Hickory vs Lafayette
- In Hickory, the median home price is higher at $274,000, 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 Hickory.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hickory | Lafayette |
|---|---|---|
| Electricity Price | $13.72 | $14.89 |
| Natural Gas Price | $Data is updating | $Data is updating |
| Other Utilities | $150 | $250 |
Utilities Comparison: Hickory vs Lafayette
- Lafayette has higher electricity costs at $14.89 per kWh, versus $13.72 in Hickory.
- Natural gas price data is currently unavailable.
- Lafayette has higher utility expenses, averaging $250, while Hickory averages $150.