Cost of Living: Lafayette, IN vs Michigan City, IN
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,332/mo in Lafayette, IN versus $4,332/mo in Michigan City, IN. In the model, rent is about 15.14% of gross in Lafayette, IN versus 13.34% in Michigan City, IN, so Michigan City, IN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Lafayette, IN and Michigan City, IN.
At a glance
- Cheaper overall (lower cost-of-living index): Michigan City, IN
- Lower rent (median 1BR/2BR): Michigan City, IN
- Lower home prices: Michigan City, IN
- Higher median household income: Michigan City, IN
Cost of Living Index
Lafayette, IN: 100 (U.S. = 100) · Michigan City, IN: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Lafayette, IN: $987/mo (midpoint of 1BR/2BR) · Michigan City, IN: $870/mo
Median rent in Lafayette, IN is $117/mo higher than in Michigan City, IN.
Median Home Price
Lafayette, IN: $157,600 · Michigan City, IN: $129,000
Median home price in Lafayette, IN is $28,600 higher than in Michigan City, IN.
Median Household Income
Lafayette, IN: $52,946 · Michigan City, IN: $52,979
Michigan City, IN has a higher median household income than Lafayette, IN by $33.
Lafayette, IN overview · Michigan City, IN overview · Popular comparisons