Cost of Living: Lafayette, LA vs Central city, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lafayette | Central city |
|---|---|---|
| Housing Index | 90.0 | 90.0 |
| Median Home Price | $215,000 | $117,000 |
| Average Rent (2 BR Apartment) | $1200 | $1500 |
| Average Rent (2 BR House) | $1360 | $1600 |
Housing Comparison: Lafayette vs Central city
- In Lafayette, the median home price is higher at $215,000, while in Central city it is $117,000.
- In Central city, the rental for a two-bedroom apartment stands at $1,500, while it is $1,200 in Lafayette.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lafayette | Central city |
|---|---|---|
| Electricity Price | $11.42 | $12.87 |
| Natural Gas Price | $19.48 | $22.78 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Lafayette vs Central city
- Central city has higher electricity costs at $12.87 per kWh, versus $11.42 in Lafayette.
- Central city experiences higher natural gas costs at $22.78 per unit, with costs at $19.48 in Lafayette.
- Central city has higher utility expenses, averaging $250, while Lafayette averages $200.