Median Income
$58,850
household / year
Median Home Value
$234,900
owner-occupied
Median Rent
$1,022
gross / month
Cost of Living
87
national avg = 100

Is Lafayette, LA a Good Place to Live?

Lafayette is a mid-sized city of 121,706 in Louisiana, with a median household income of $58,850 and a 6.1% unemployment rate. Its cost of living index is 87 (US average = 100), which is 13% below the national average.

Strengths: Lafayette stands out for an affordable cost of living, below-average home prices, solid school ratings (B), a well-educated population, short average commutes.

Trade-offs: Potential downsides include a higher-than-average crime index, an elevated unemployment rate. Whether Lafayette is right for you depends on your priorities — the full breakdown is below.

All Lafayette city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 87.0

Lafayette's overall cost of living index is 87.0, where 100 represents the US national average. Living in Lafayette costs roughly 13% less than the average American city.

Metric Lafayette, LA National Avg
Median Home Value $234,900 $244,900
Median Monthly Rent $1,022 $1,163
Homeownership Rate 56.3% 65.9%
Median Household Income $58,850 $74,755

Crime & Safety

High Crime

Lafayette's violent crime rate is 1066.1 per 100,000 residents — 181% higher than the national average of ~380 per 100,000.

Violent Crime
1066.1 /100k
Property Crime
4347.5 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Lafayette is served primarily by Lafayette Parish. The student-to-teacher ratio is 17.6:1 (slightly above the national average of ~16:1).

Metric Lafayette, LA National Avg
School District Lafayette Parish
Elementary Schools 24
Middle Schools 10
High Schools 10
Student/Teacher Ratio 17.6:1 16:1
Bachelor's Degree or Higher 40.0% 35.4%
High School Diploma or Higher 90.8% 91.1%

Weather & Climate

Lafayette sees average highs of 61.5°F in January and 91.0°F in July, with 64.7 inches of annual precipitation .

MetricLafayette, LA
Average High — January61.5°F
Average High — July91.0°F
Annual Precipitation64.7"
Annual SnowfallTrace / None

Demographics

MetricLafayette, LANational Avg
Population121,706
Median Age36.938.9
Unemployment Rate6.1%3.7%
Avg Commute Time20.4 min26 min
White (non-Hispanic)61.0%59.3%
Black or African American29.2%13.6%
Hispanic or Latino4.5%18.9%
Asian2.4%6.3%
Under 1821.2%22.2%
65 and over16.7%16.8%

Nearby Cities

ZIP Codes in Lafayette

Lafayette, LA is covered by 5 ZIP codes:

Lafayette vs Other Cities

Frequently Asked Questions

Lafayette's cost of living index is 87, where 100 is the national average. That makes Lafayette roughly 13% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $234,900 and median rent is $1,022/month.
Lafayette's violent crime rate is 1066.1 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 4347.5 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Lafayette are operated by Lafayette Parish. The district has 24 elementary, 10 middle, and 10 high schools. The student-to-teacher ratio is 17.6:1. 40.0% of adults 25+ hold a bachelor's degree or higher.
Lafayette, LA has a population of 121,706, a median household income of $58,850, and an unemployment rate of 6.1%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Lafayette averages 61.5°F in January and 91.0°F in July. Annual rainfall is 64.7 inches . Based on NOAA 30-year climate normals (1991–2020).
Lafayette, LA is covered by 5 ZIP codes: 70508, 70506, 70501, 70503, 70507.
The population of Lafayette, Louisiana is 121,706 with a median age of 36.9. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Lafayette: cost of living index 87 (100 = US average), median home $234,900, median household income $58,850, crime index 251 (100 = US average, lower is safer), schools rated B. Whether these are benefits or drawbacks depends on where you're coming from — compare Lafayette side by side with your current city to see the trade-offs.