Cost of Living: Lafayette, LA vs Essex, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lafayette | Essex |
|---|---|---|
| Housing Index | 90.0 | Data is updating |
| Median Home Price | $215,000 | $522,500 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1360 | $Data is updating |
Housing Comparison: Lafayette vs Essex
- The median home price in Essex is higher at $522,500, compared to $215,000 in Lafayette.
- The rent for a two-bedroom apartment is equal in both Lafayette and Essex at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lafayette | Essex |
|---|---|---|
| Electricity Price | $11.42 | $28.15 |
| Natural Gas Price | $19.48 | $21.62 |
| Other Utilities | $200 | $Data is updating |
Utilities Comparison: Lafayette vs Essex
- Essex has higher electricity costs at $28.15 per kWh, versus $11.42 in Lafayette.
- Essex experiences higher natural gas costs at $21.62 per unit, with costs at $19.48 in Lafayette.
- Utility expenses are equal in both Lafayette and Essex averaging $200.