Cost of Living in West Lafayette, IN
Population: 44,802 • 2026 Data
$33,497
Median Household Income
-57% vs national
$1,152
Median Monthly Rent
-15% vs national
$318,100
Median Home Value
-6% vs national
3.6%
Unemployment Rate
Housing in West Lafayette
The median home value in West Lafayette, IN is $318,100. Monthly rent for a typical unit averages $1,152, while total monthly housing costs (including utilities and insurance) average $1,157.
Rent-to-income ratio: 41.3%. This exceeds the recommended 30% threshold, indicating housing costs may be a burden for median-income households.
Income and Employment
The median household income in West Lafayette, IN is $33,497. The unemployment rate stands at 3.6%, with a labor force of 20,971 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.