Cost of Living in La Fayette, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
64.2
100 = national avg
-35.8 vs national average
Living Wage (1 Adult)
$28,270
per year
Living Wage (Family of 4)
$66,819
per year
Cost Index by Category
Housing32.6
Food87.8
Transportation75.7
Healthcare90.3
Utilities79.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$818
per month
2 Bedroom
$1,039
per month
The overall cost of living index in La Fayette is 64.2, which is 35.8% below the national average. Housing costs are below the national average at an index of 32.6. A single adult needs to earn approximately $28,270 per year to cover basic expenses.