Lafayette, Louisiana is a moderately-sized city with a population of 125,808 people. Not a fan of sitting in traffic? One big advantage of living in Lafayette is the reasonable commute times to work. With an average one way commute time of 21 minutes, getting to work is faster than the national average of 26 minutes.
Without the right tools, relocating to any new town can be very stressful and challenging. Living in Lafayette, Louisiana could be a great experience for anyone who puts in the effort to do the research required. Finding the best places to live in Lafayette and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes crime, weather, education, housing and other important metrics.
With a livability score of 73 out of 100, Lafayette is ranked #6,814 in the United States and #145 in Louisiana. If we consider each of the categories on their own, we see that Lafayette ranks well for amenities (A+), weather (B+) and education (A-). There are some categories that Lafayette scores poorly for, including: crime (F) and housing (F). It might be worth taking a closer look to figure out why.
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Lafayette on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops. Some of the notable things to do include: Vermilionville, Acadian Village, and Acadian Cultural Center.
School test scores can be an important metric in deciding if the local area schools can provide a solid educational system for children. The schools in Lafayette have a test score average of 66%, which is well above the US average.
Assuming that Lafayette meets all of your requirements, the next most important item to examine is the affordability of real estate in Lafayette. Everything else becomes a lot less important if it turns out that home prices in Lafayette are simply unattainable. Median real estate prices in Lafayette come in at $177,100, which is 19.4% higher than the Louisiana average. The home price to income ratio compares the median home prices to the median household income. In Lafayette, the home price to income ratio is 3.7, which is 12.1% higher than the Louisiana average. Year over year appreciation rates for homes in the Lafayette area were -0.2% and the 5 year appreciation rates came in at 1.8%. Why is this important? Knowing the appreciation rates for any area is a quick and easy way to determine if you will see a solid return on your investment.