Lafayette, LA vs Memphis, TN
Cost of Living Comparison
Lafayette, LA is more affordable by 5.0 index points
Side-by-Side Comparison
| Category | Lafayette, LA | Memphis, TN | Difference |
|---|---|---|---|
| Overall | 87.2 | 92.2 | -5.0 |
| Housing | 58.8 | 79.8 | -21.0 |
| Goods | 93.7 | 96.2 | -2.5 |
| Utilities | 71.2 | 74.1 | -2.9 |
| Other Services | 95.7 | 95.4 | +0.3 |
Income & Housing Comparison
| Metric | Lafayette, LA | Memphis, TN |
|---|---|---|
| Median Household Income | $58,150 | $62,178 |
| Median Home Value | $187,800 | $207,500 |
| Median Monthly Rent | $918 | $1,091 |
| Per Capita Income | $33,150 | $35,194 |
Frequently Asked Questions
Is Lafayette, LA or Memphis, TN cheaper to live in?
Lafayette, LA is more affordable. The cost of living difference is 5.0 index points (Lafayette, LA: 87.2, Memphis, TN: 92.2).
Where is housing cheaper, Lafayette, LA or Memphis, TN?
Housing is more affordable in Lafayette, LA. Housing index: Lafayette, LA (58.8) vs Memphis, TN (79.8).