Cost of Living: Lafayette, LA vs Sterling, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lafayette | Sterling |
|---|---|---|
| Housing Index | 90.0 | 90.0 |
| Median Home Price | $215,000 | $137,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1360 | $1360 |
Housing Comparison: Lafayette vs Sterling
- In Lafayette, the median home price is higher at $215,000, while in Sterling it is $137,000.
- The rent for a two-bedroom apartment is equal in both Lafayette and Sterling 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 | Sterling |
|---|---|---|
| Electricity Price | $11.42 | $16.15 |
| Natural Gas Price | $19.48 | $16.59 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Lafayette vs Sterling
- Sterling has higher electricity costs at $16.15 per kWh, versus $11.42 in Lafayette.
- Natural gas is more expensive in Lafayette at $19.48 per unit, while it is cheaper at $16.59 in Sterling.
- Sterling has higher utility expenses, averaging $250, while Lafayette averages $200.