Cost of Living in Lafayette, TN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
81.9
100 = national avg
-18.1 vs national average
Living Wage (1 Adult)
$36,034
per year
Living Wage (Family of 4)
$85,170
per year
Cost Index by Category
Housing88.7
Food84.3
Transportation68.7
Healthcare87.5
Utilities88.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$887
per month
2 Bedroom
$972
per month
The overall cost of living index in Lafayette is 81.9, which is 18.1% below the national average. Housing costs are below the national average at an index of 88.7. A single adult needs to earn approximately $36,034 per year to cover basic expenses.