Cost of Living in Lafayette, IN
| Cost of Living in Lafayette, IN | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 12% higher | 14% lower |
| Utilities (Monthly) | 2% lower | 10% lower |
| Food | 3% lower | 5% lower |
| Healthcare | 15% higher | 8% higher |
| Transportation | - | 1% lower |
| Goods & Services | 15% lower | 1% lower |
The cost of living in Lafayette, IN is 3% lower than the state average and 6% lower than the national average. Lafayette, IN housing is 14% cheaper than the U.S average, while utilities are about 10% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 5% cheaper in Lafayette, IN than in the rest of the country, while clothing costs around 1% less .
Healthcare services such as doctor check-ups and dentistry cost 8% more here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 1% cheaper in Lafayette, IN.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Lafayette is $1,138, while home prices circle around $461,024.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Lafayette, energy bills cost around $173.44 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $4.57 in Lafayette, a dozen eggs go for around $3.26 and a pound of potatoes circles around $4.52.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Lafayette, an optometry check-up costs around $139.00, while a dentist appointment is priced $136.92 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.39 in Lafayette, while getting your tires balanced will run you about $58.02.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $60.23 here. Meanwhile, a pair of women's slacks will set you back around $50.49.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Lafayette, you should budget around $10.13 a month. When it comes to personal services, a haircut usually goes for $21.44, while dry cleaning costs about $17.72.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Lafayette, the median household income is $52,946.