CostByCity

Cost of Living in Lafayette, LA

2024 data from the Bureau of Economic Analysis

Cost Index
87.2
12.8% below avg
Housing Index
58.8
Median Income
$58,150
Median Rent
$918/mo

Cost Breakdown

Overall87.2 (-12.8%)
Housing58.8 (-41.2%)
Goods93.7 (-6.3%)
Utilities71.2 (-28.8%)
Other Services95.7 (-4.3%)

National average = 100

Income & Housing

Median Household Income
$58,150/year
Median Home Value
$187,800
Median Monthly Rent
$918/mo
Per Capita Income
$33,150/year

Compare Lafayette, LA With

Lafayette, LA vs Decatur, ALLafayette, LA vs Dubuque, IALafayette, LA vs Parkersburg, WVLafayette, LA vs Waterloo, IALafayette, LA vs Minot, NDLafayette, LA vs Youngstown, OHLafayette, LA vs Laredo, TXLafayette, LA vs St. Cloud, MNLafayette, LA vs Hattiesburg, MSLafayette, LA vs Florence, SC

Frequently Asked Questions

Is Lafayette, LA expensive to live in?
Lafayette, LA has a cost of living index of 87.2, which is 12.8% below the national average.
How much does housing cost in Lafayette, LA?
Housing costs in Lafayette, LA are indexed at 58.8 compared to the national average of 100. The median monthly rent is $918.
What is the average income in Lafayette, LA?
The median household income in Lafayette, LA is $58,150 per year.
What is the average home price in Lafayette, LA?
The median home value in Lafayette, LA is $187,800.