Housing costs in Lafayette?
A typical home costs
$237,900, which is 29.6% less expensive than the national average of
$338,100 and 7.4% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Lafayette costs
$1,040 per month, which is 27.3% cheaper than the national average of
$1,430 and 5.8% more than the state average of
$980.
Can I afford Lafayette?
To live comfortably in Lafayette (zip 47905), Indiana, a minimum annual income of
$45,720 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Lafayette?
The cost of living in 47905 Lafayette, IN is quite reasonable compared to other areas of the country. According to the most recent census data, the median household income for 47905 is $51,877 which is slightly higher than the national average of $50,046. The median home value for homes in this area is also reasonably priced at $132,400 and has seen a steady increase since 2009. For those looking to save money on everyday items like groceries and goods, there are plenty of affordable options nearby. In addition, utilities are also generally more affordable than other areas and renting a two-bedroom apartment can be done for around $800 per month. All in all, if you're looking for an affordable place to call home without sacrificing quality living conditions, then 47905 Lafayette might just be the perfect fit.