Housing costs in Lake Lafayette?
A typical home costs
$147,600, which is 56.3% less expensive than the national average of
$338,100 and 30.5% less expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in Lake Lafayette costs
$920 per month, which is 35.7% cheaper than the national average of
$1,430 and 3.3% cheaper than the state average of
$950.
Can I afford Lake Lafayette?
To live comfortably in Lake Lafayette, Missouri, a minimum annual income of
$28,440 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Lake Lafayette?
The cost of living in Lake Lafayette, MO is quite affordable compared to other cities in the state. The median home price is about $99,400, which is much lower than the state average of nearly $140,000. Rent prices are also relatively low in the area, with the average one bedroom apartment renting for around $500 a month. Utilities are relatively inexpensive as well, with an average electric bill only totaling about $80 per month. All in all, Lake Lafayette offers an attractive and reasonably priced cost of living that can be enjoyed by residents of all income levels.