Lafayette

Lafayette, Louisiana is a growing city with a population of approximately 121,467. The overall cost of living index sits at 90, which is below the national average of 100. This means everyday expenses — housing, groceries, transportation, and healthcare — are roughly 10% less expensive compared to the typical U.S. city.

Housing is the largest cost driver in Lafayette. Median rent is $1,279 per month, while the median home price is $219,057. At a median household income of $61,454, rent consumes roughly 25% of gross income, which remains manageable relative to local incomes. The housing sub-index of 76 reflects well below-average housing expenses.

Beyond housing, healthcare is the most elevated non-shelter expense in Lafayette with a sub-index of 93, while utilities is comparatively more affordable at 83. State-level taxes also shape the true cost of living: Louisiana applies a 4.25% income tax rate, and property tax averages 0.51% of assessed home value. The combined sales tax rate is 9.55%. Local income tax may apply in some municipalities.

Over the past twelve months, the cost of living in Lafayette has trended upward. Among the 4 tracked cities in Louisiana, Lafayette ranks #2 from most to least affordable. Whether you're evaluating a job offer, planning a relocation, or comparing salary purchasing power, these numbers give a grounded, data-backed view of what life in Lafayette actually costs.