Cost of Living in Lafayette, LA
Housing
The housing market plays a significant role in determining the cost of living in Lafayette, LA.
- Housing Index: 96.3 / 100
- Median Home Price is: $215,000
- Average Rent (2 BR Apartment): $1101 per month
- Average Rent (2 BR House): $1197 per month
Considering a move to Lafayette, LA? With a housing index of 96.3, it offers a more affordable living environment compared to many urban areas. The median home price at 215000 stands as an appealing option for potential buyers, while the average rent of 1101 for a 2-bedroom apartment and 1197 for a 2-bedroom house reflects a competitive market for renters as well. Overall,Lafayette presents a balanced approach to housing, making it suitable for both buyers and renters alike.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lafayette, LA.
- Electricity Price: $11.42 USD (median by state)
- Natural Gas Price: $19.48 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $231 per month
Living in Lafayette, LA could entail higher utility costs. Electricity costs sit at $11.42, while natural gas is priced at $19.48 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $231 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.