Cost of Living in West lafayette, IN
Housing
The housing market plays a significant role in determining the cost of living in West lafayette, IN.
- Housing Index: 90.0 / 100
- Median Home Price is: $210,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
In analyzing the real estate landscape of West lafayette, IN, we see a noteworthy 90.0 housing index alongside a median home price of 210000. While data for average rents for 2-bedroom apartments and houses is currently absent, the low housing index suggests a favorable purchasing opportunity in this area. With the right investment, homeowners could benefit significantly as market conditions evolve. It's crucial to consider local amenities, job market stability, and community livability factors beyond housing alone when deciding to move to West lafayette. Overall, this region could represent a hidden gem for property buyers.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in West lafayette, IN.
- Electricity Price: $14.89 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in West 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 $200 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 West lafayette is a financially viable option for your relocation.