Lafayette, CO Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Lafayette, CO Summary

Cost of living in Lafayette research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lafayette is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Colorado, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Lafayette is 118, with 100 being the average.

  • The cost of living index in Lafayette is 1.2x higher than the national average.

  • Lafayette ranks as the #71 cheapest in Colorado out of 111.

  • Lafayette ranks as the #4,687 cheapest out of 6,412 in the US.

  • The median home value in Lafayette is $498,400.

  • The median income in Lafayette is $95,033.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
118
Lafayette's Overall Cost Of Living
1.2x
Higher Than The National Average

What is the cost of living in Lafayette, CO?

According to the most recent data on the cost of living, Lafayette has an overall cost of living index of 118, which is 1.2x higher than the national index of 100.

Compared to Colorado, Lafayette has a cost of living index that's 1.1x higher than Colorado's index of 104.

The standard of living in Lafayette ranks as #71 most affordable out of the 111 places we measured in Colorado. By definition, that implies Lafayette ranks as the #40 most expensive place in the Centennial State.

For more reading on life in Lafayette, check out:

71 out of 111
In Colorado
4,687 out of 6,412
In America

Lafayette Cost Of Living Vs. Colorado

Six factors go into calculating the cost of living index in Lafayette. Here is how it fairs on each of the criteria:

  • The Services index in Lafayette is 102.

  • The Groceries index in Lafayette is 91.

  • The Health index in Lafayette is 100.

  • The Housing index in Lafayette is 156.

  • The Transportation index in Lafayette is 105.

  • The Utilities index in Lafayette is 80.

Living Expense Lafayette Colorado National Average
Overall 118 104 100
Services 102 102 100
Groceries 91 99 100
Health 100 100 100
Housing 156 116 100
Transportation 105 104 100
Utilities 80 90 100
For more reading on cost of living around Colorado, check out:
Lafayette Cost of Living Vs. CO

Lafayette, CO Housing Cost Breakdown

Housing swings affordability the most between places in Colorado, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Lafayette is $498,400.

  • The Median Rent in Lafayette is $1,733.

  • The Median Income in Lafayette is $95,033.

  • The Home Value To Income in Lafayette is 5.2x.

  • The Rent To Monthly Income in Lafayette is 0.22x.

Statistic Lafayette Colorado United States
Median Home Value $498,400 $397,500 $244,900
Median Rent $1,733 $1,437 $1,163
Median Income $95,033 $80,184 $69,021
Home Value To Income 5.2x 5.0x 3.5x
Rent To Monthly Income 0.22x 0.22x 0.2x
Search Homes For Sale In Lafayette, CO
$498,400
Median Home Value
$1,733
Median Rent
$95,033
Median Income

Lafayette, CO Costs By Category

Detailed Lafayette Services Costs Vs. Colorado

Item Lafayette Colorado
Shampoo $0.88 $1.06
Movie $13.19 $10.68
Bowling $20.67 $14.67
Haircut $24.05 $18.62
Beauty Salon $35.0 $39.05

Detailed Lafayette Groceries Costs Vs. Colorado

Item Lafayette Colorado
Ground Beef $4.62 $4.22
Fried Chicken $1.15 $1.39
Milk $1.78 $2.05
Potatoes $3.04 $3.29
Pizza $11.32 $10.62
Beer $8.96 $9.38
Toothpaste $2.11 $2.34

Detailed Lafayette Health Costs Vs. Colorado

Item Lafayette Colorado
Optometrist $99.83 $108.57
Doctor $117.67 $116.17
Dentist $92.83 $99.13

Detailed Lafayette Transportation Costs Vs. Colorado

Item Lafayette Colorado
Gasoline $2.24 $2.22
Tire Balancing $59.83 $50.07

Detailed Lafayette Utilities Costs Vs. Colorado

Item Lafayette Colorado
All Electricity $103.99 $167.67
Phone $187.21 $175.64

Lafayette SnackAbility

7.5
/10
Overall SnackAbility
Jobs
8.5/10
Housing
9.5
Affordability
4
Diversity
8
Safety
6
Amenities
9
Education
9
Commute
7

Cost Of Living In Cities Around Lafayette

The cost of living varies in the cities and towns around Lafayette. Here's a quick look at the cost of living in the most populous nearby places:

  • Denver, CO has a cost of living index of 116, 1.0x Lafayette.

  • Westminster, CO has a cost of living index of 106, 0.9x Lafayette.

  • Broomfield, CO has a cost of living index of 120, 1.0x Lafayette.

City Population Cost Of Living Vs. Lafayette
Denver, CO 706,799 116 1.0x
Westminster, CO 115,535 106 0.9x
Broomfield, CO 72,697 120 1.0x
Brighton, CO 39,895 103 0.9x
Wheat Ridge, CO 32,340 110 0.9x
Erie, CO 29,367 127 1.1x
Louisville, CO 21,091 132 1.1x
Sherrelwood, CO 20,069 98 0.8x
Welby, CO 16,260 97 0.8x
Firestone, CO 15,949 111 0.9x

Articles About Colorado

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