Cost of Living: Lafayette, IN vs Madison, WI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lafayette | Madison |
|---|---|---|
| Housing Index | 90.0 | 115.0 |
| Median Home Price | $218,000 | $332,000 |
| Average Rent (2 BR Apartment) | $900 | $1800 |
| Average Rent (2 BR House) | $950 | $1840 |
Housing Comparison: Lafayette vs Madison
- The median home price in Madison is higher at $332,000, compared to $218,000 in Lafayette.
- Renting a two-bedroom apartment costs more in Lafayette at $900 than in Madison 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 | Madison |
|---|---|---|
| Electricity Price | $14.89 | $17.6 |
| Natural Gas Price | $Data is updating | $11.5 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Lafayette vs Madison
- Madison has higher electricity costs at $17.6 per kWh, versus $14.89 in Lafayette.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Lafayette and Madison averaging $250.