Cost of Living in Lafayette, LA
Population: 121,537 • 2026 Data
$61,454
Median Household Income
-21% vs national
$1,065
Median Monthly Rent
-21% vs national
$251,300
Median Home Value
-26% vs national
5.0%
Unemployment Rate
Housing in Lafayette
The median home value in Lafayette, LA is $251,300. Monthly rent for a typical unit averages $1,065, while total monthly housing costs (including utilities and insurance) average $1,057.
Rent-to-income ratio: 20.8%. 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, LA is $61,454. The unemployment rate stands at 5.0%, with a labor force of 62,089 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.