F
183%
Overall NAT. AVG.
14%
Goods & Services NAT. AVG.
562%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Lafayette California National
Cost of living283140100
Goods & Services114111100
Groceries117112100
Health care121109100
Housing662196100
Transportation129126100
Utilities134127100

An Overview of Cost of Living in Lafayette, CA

Are you thinking about relocating, but curious about the potential cost of living in Lafayette? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Lafayette stands at 283, making it 183% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

If you prioritize affordability when seeking a new place to live, Lafayette may not be your ideal choice, as it ranks among the most expensive locations in the entire United States. A very small amount of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Lafayette falls into this category, which may not align with your preferences for a budget-friendly living environment.

Housing costs are a very significant part of the Lafayette cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 562% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

The things you purchase regularly, like clothes, haircuts, movie tickets and gym memberships, can make a big dent in your budget and make up 33% of the cost of living index. Unfortunately in Lafayette, these items will cost you 14.1% more than what's considered the norm, making it a more expensive place to call home.

The cost of groceries continues to rise at an alarming rate. Over the last two years, grocery prices have increased by more than 10%! Unfortunately, in Lafayette, the news isn't any better as grocery prices are 17.2% higher than the national average.

Is Lafayette Affordable?

Wondering if Lafayette is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Lafayette, for example, the median home price is 743.1% higher than what folks pay nationally, and monthly rent is 139.5% higher than the usual rates. Plus, income levels matter too, with Lafayette boasting a median household income of $188,140, which is 240.1% higher than the national average.

What Factors can Influence the Cost of Living in Lafayette?

Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday goods and services like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Lafayette starts at 7.25% and the income tax rates start at 1%.

Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Lafayette, the housing index comes in at 562% higher than the national average.

Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.

Where is the Data From?

The cost of living in Lafayette, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Lafayette is 103% higher than the California average
  • The cost of living in Lafayette is 183% higher than the national average
  • Lafayette housing is 562% higher than the national average
  • California general sales tax is 42% higher than the national average
  • California state income tax is 56% lower than the national average

Most Affordable Places to Live in and Around Lafayette

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Compare Lafayette, CA Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$223,032$18,586$5,204$6,692
      Renters$96,441$8,037$2,250$2,894
      A good indicator of the general affordability of housing in Lafayette, CA, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Lafayette, the median monthly income is $223,032 for those who own their own homes. Under the standard rule, that income level would allow for $5,204 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $96,441, per the median income in the area. That would allow for renters to spend up to $2,250 on monthly rental expenses.

      California Sales Tax

      State General Sales Tax With Max Surtax
      California 7.25% 10.5%

      California Income Tax

      State Income Tax (Low) Income Tax (High)
      California 1% 12.3%

      Goods & Services

      Item Lafayette National avg. Difference
      Haircut $25.00$24.263.0%
      Beauty Salon $76.00$45.5666.8%
      Toothpaste $3.64$3.701.7%
      Shampoo $1.45$1.2813.5%
      Movie $16.46$12.1335.7%
      Bowling $27.22$18.0051.2%

      Groceries

      Item Lafayette National avg. Difference
      Ground Beef $5.70$5.842.3%
      Fried Chicken $3.43$1.57118.2%
      Milk $4.91$4.675.1%
      Potatoes $4.87$4.931.3%
      Pizza $13.49$12.0911.6%
      Beer $11.18$10.417.4%

      Health Care

      Item Lafayette National avg. Difference
      Optometrist $137.40$125.689.3%
      Doctor $110.00$135.7819.0%
      Dentist $118.27$113.294.4%
      Ibuprofen $11.76$10.6510.4%
      Lipitor $508.17$468.608.4%

      Housing

      Item Lafayette National avg. Difference
      Home Price $1,557,200.00$184,700.00743.1%
      Avg. Mortgage Payment $6,553.90$2,346.69179.3%
      Apartment Rent $2,273.00$949.00139.5%

      Transportation

      Item Lafayette National avg. Difference
      Gasoline $4.60$3.4633.0%
      Tire Balancing $60.97$59.921.7%

      Utilities

      Item Lafayette National avg. Difference
      All Electricity $182.51$193.995.9%
      Phone $180.31$192.256.2%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Port Costa, CA24212020.0%
      Pacheco, CA4,77511615.7%
      San Miguel CDP (San Luis Obispo County), CA2,69612928.9%
      Bay Point, CA25,37813736.8%
      El Cerrito CDP, CA5,69914039.6%
      Lafayette, CA25,949283182.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Cloverleaf, TX25,955928.5%
      Brawley, CA25,94211212.2%
      Chanhassen, MN25,96512726.8%
      Northport, AL25,970982.3%
      La Prairie, QC25,972n/a 
      Lafayette, CA25,949283182.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.