Cost of Living in Lafayette, Louisiana
In Lafayette, the median household income is $61,915 and the median gross rent is $1,100/mo, with a median home value of $257,000. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $61,915
- Median gross rent
- $1,100/mo
- Median home value
- $257,000
- Population
- 121,715
How Lafayette compares to the Louisiana average
| Measure | Lafayette, LA | Louisiana statewide | Difference |
|---|---|---|---|
| Median household income | $61,915 | $60,756 | +1.9% |
| Median gross rent (monthly) | $1,100 | $1,064 | +3.4% |
| Median home value | $257,000 | $216,500 | +18.7% |
Statewide, Louisiana prices average 88.2 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Lafayette
- Salary needed for median rent
- $44,000
- Rent burden at median income
- 21.3%
- Est. affordable home price
- $225,862
So that $1,100/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Lafayette is $257,000 — +13.8% above what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Louisiana cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.