Cost of Living in Lafayette, LA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
103.3
100 = national avg
+3.3 vs national average
Living Wage (1 Adult)
$45,458
per year
Living Wage (Family of 4)
$107,445
per year
Cost Index by Category
Housing116.2
Food97.0
Transportation93.9
Healthcare97.6
Utilities101.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$898
per month
2 Bedroom
$1,019
per month
The overall cost of living index in Lafayette is 103.3, which is 3.3% above the national average. Housing costs are above the national average at an index of 116.2. A single adult needs to earn approximately $45,458 per year to cover basic expenses.