According to the most recent data on the cost of living, Lafayette has an overall cost of living index of 95 which is 0.9x lower than the national index of 100.
Compared to only Louisiana, Lafayette has a cost of living index that's 1.0x higher than Louisiana's index of 91.
The standard of living in Lafayette ranks as #2,449 most affordable out of the 6,418 places we measured in Louisiana. By definition, that implies Lafayette ranks as the #3,969 most expensive place in the Pelican State.
|Living Expense||Lafayette||Louisiana||National Average|
Housing swings affordability the most between places in Louisiana, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
|Median Home Value||$197,900||$168,100||$229,800|
|Home Value To Income||3.7x||3.3x||3.5x|
|Rent To Monthly Income||0.2x||0.21x||0.2x|
|City||Population||Cost Of Living||Vs. Lafayette|
|New Iberia, LA||28,965||87||0.9x|
|Breaux Bridge, LA||8,213||96||1.0x|
|St. Martinville, LA||5,844||79||0.8x|