Cost of Living in Lafayette, LA
Population 121,715 · Census ACS 2020–2024 5-year estimates
The median rent in Lafayette, LA is $1,100/month, 3% higher than the Louisiana median and 22% lower than the U.S. median. The median home value is $257,000, 23% lower than the national median. Households earn a median of $61,915 a year, about the same as the state median.
Affordability
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Lafayette vs. Louisiana vs. U.S.
| Lafayette | Louisiana | U.S. | |
|---|---|---|---|
| Median rent | $1,100 | $1,064 | $1,413 |
| Median home value | $257,000 | $216,500 | $332,700 |
| Median household income | $61,915 | $60,756 | $80,734 |
| Homeownership rate | 53.1% | 67.4% | 65.2% |
| Bachelor's degree or higher | 41.1% | 27.0% | 35.7% |
| Poverty rate | 18.3% | 18.9% | 12.5% |
| Unemployment rate | 5.2% | 6.3% | 5.2% |
| Work from home | 9.9% | 8.1% | 15.1% |
| Median age | 36.9 | 38.0 | 38.9 |
FAQ
What is the average rent in Lafayette, LA?
The median gross rent in Lafayette, LA is $1,100 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Lafayette, LA?
Using the common 30% rule, renting a median-priced home takes about $44,000 a year in gross income.
Is Lafayette, LA expensive to live in?
Rent there is 22% lower than the U.S. median, and the median home costs about 4.2 times the median household income.
Other cities in Louisiana
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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