Cost of Living in Lafayette, IN
Housing
The housing market plays a significant role in determining the cost of living in Lafayette, IN.
- Housing Index: 90.0 / 100
- Median Home Price is: $218,000
- Average Rent (2 BR Apartment): $900 per month
- Average Rent (2 BR House): $950 per month
Considering a move to Lafayette, IN? The housing index at 90.0 indicates an overall affordable housing market compared to the national average. The median home price of 218000 makes home ownership attainable, while average rents of 900 for a 2-bedroom apartment and 950 for a 2-bedroom house provide further options for renters. Overall, Lafayette offers a balanced landscape for both buyers and renters, creating a viable choice for those seeking a higher quality of life without an exorbitant cost.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lafayette, IN.
- Electricity Price: $14.89 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Lafayette, IN could entail higher utility costs. Electricity costs sit at $14.89, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 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.