Cost of Living: Springfield, MO vs Lafayette, IN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Springfield | Lafayette |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $215,000 | $218,000 |
| Average Rent (2 BR Apartment) | $900 | $900 |
| Average Rent (2 BR House) | $960 | $950 |
Housing Comparison: Springfield vs Lafayette
- The median home price in Lafayette is higher at $218,000, compared to $215,000 in Springfield.
- The rent for a two-bedroom apartment is equal in both Springfield and Lafayette at $900.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Springfield | Lafayette |
|---|---|---|
| Electricity Price | $14.64 | $14.89 |
| Natural Gas Price | $23.25 | $Data is updating |
| Other Utilities | $200 | $250 |
Utilities Comparison: Springfield vs Lafayette
- Lafayette has higher electricity costs at $14.89 per kWh, versus $14.64 in Springfield.
- Natural gas price data is currently unavailable.
- Lafayette has higher utility expenses, averaging $250, while Springfield averages $200.