Cost of Living: Lafayette, IN vs Chesapeake, VA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lafayette | Chesapeake |
|---|---|---|
| Housing Index | 90.0 | 110.0 |
| Median Home Price | $218,000 | $347,000 |
| Average Rent (2 BR Apartment) | $900 | $1800 |
| Average Rent (2 BR House) | $950 | $1840 |
Housing Comparison: Lafayette vs Chesapeake
- The median home price in Chesapeake is higher at $347,000, compared to $218,000 in Lafayette.
- Renting a two-bedroom apartment costs more in Lafayette at $900 than in Chesapeake at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lafayette | Chesapeake |
|---|---|---|
| Electricity Price | $14.89 | $15.31 |
| Natural Gas Price | $Data is updating | $19.91 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Lafayette vs Chesapeake
- Chesapeake has higher electricity costs at $15.31 per kWh, versus $14.89 in Lafayette.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Lafayette and Chesapeake averaging $250.