Cost of Living in Lafayette, IN
Population: 70,650 • 2026 Data
$52,946
Median Household Income
-32% vs national
$1,039
Median Monthly Rent
-23% vs national
$157,600
Median Home Value
-54% vs national
3.3%
Unemployment Rate
Housing in Lafayette
The median home value in Lafayette, IN is $157,600. Monthly rent for a typical unit averages $1,039, while total monthly housing costs (including utilities and insurance) average $988.
Rent-to-income ratio: 23.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Lafayette, IN is $52,946. The unemployment rate stands at 3.3%, with a labor force of 37,160 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.