Cost of Living in Lafayette, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
90.4
100 = national avg
-9.6 vs national average
Living Wage (1 Adult)
$39,761
per year
Living Wage (Family of 4)
$93,980
per year
Cost Index by Category
Housing96.9
Food90.5
Transportation80.9
Healthcare92.4
Utilities93.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,032
per month
2 Bedroom
$1,242
per month
The overall cost of living index in Lafayette is 90.4, which is 9.6% below the national average. Housing costs are below the national average at an index of 96.9. A single adult needs to earn approximately $39,761 per year to cover basic expenses.