Cost of Living in Lafayette, CA
Housing
The housing market plays a significant role in determining the cost of living in Lafayette, CA.
- Housing Index: 183.0 / 100
- Median Home Price is: $1,148,000
- Average Rent (2 BR Apartment): $3150 per month
- Average Rent (2 BR House): $3225 per month
When considering a move to Lafayette, CA, the housing landscape appears challenging. With a housing index of 183.0, the cost of living is significantly above the national average. The median home price stands at 1148000, making homeownership a considerable financial commitment. Renters should also prepare for higher expenses, with an average rent of 3150 for a 2-bedroom apartment and 3225 for a house. While the area's amenities or job market might entice some, it’s crucial to weigh these housing costs against your budget and lifestyle preferences.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lafayette, CA.
- Electricity Price: $32.99 USD (median by state)
- Natural Gas Price: $16.99 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $350 per month
Living in Lafayette, CA could entail higher utility costs. Electricity costs sit at $32.99, while natural gas is priced at $16.99 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $350 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Lafayette is a financially viable option for your relocation.