Cost of Living: Lafayette, LA vs Chicago, IL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,268/mo in Lafayette, LA versus $4,227/mo in Chicago, IL. In the model, rent is about 15.51% of gross in Lafayette, LA versus 20.28% in Chicago, IL, so Lafayette, LA tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Lafayette, LA and Chicago, IL.
At a glance
- Cheaper overall (lower cost-of-living index): Chicago, IL
- Lower rent (median 1BR/2BR): Lafayette, LA
- Lower home prices: Chicago, IL
- Higher median household income: Lafayette, LA
Cost of Living Index
Lafayette, LA: 100 (U.S. = 100) · Chicago, IL: 98.3 (U.S. = 100)
Chicago, IL has a lower cost-of-living index than Lafayette, LA, so a given salary generally stretches further there.
Median Rent
Lafayette, LA: $1,012/mo (midpoint of 1BR/2BR) · Chicago, IL: $1,323/mo
Median rent in Chicago, IL is $311/mo higher than in Lafayette, LA.
Median Home Price
Lafayette, LA: $251,300 · Chicago, IL: $147,800
Median home price in Lafayette, LA is $103,500 higher than in Chicago, IL.
Median Household Income
Lafayette, LA: $61,454 · Chicago, IL: $56,815
Lafayette, LA has a higher median household income than Chicago, IL by $4,639.
Lafayette, LA overview · Chicago, IL overview · Popular comparisons