Cost of Living in Lafayette, IN

Lafayette-West Lafayette, IN — prices, rents and what jobs really pay here after taxes.

Price level
93.4
U.S. average = 100 · #198 of 387
Median wage
$48,780
all jobs · $3,330/mo take-home
1-bedroom rent
$999
HUD fair market rent

Salary comparison calculator

What would you need to earn in Lafayette, IN to keep the same lifestyle — after taxes — as in another city?

Cost of living calculator

Uses BEA price levels plus 2026 federal and state taxes in each city's state.

Salary needed to keep your lifestyle
—

    Prices in Lafayette, IN vs. the U.S. average

    CategoryIndex (U.S. = 100)Difference
    All items93.4−6.6%
    Housing76.4−23.6%
    Goods94.3−5.7%
    Utilities86.4−13.6%
    Other services99.1−0.9%

    Source: BEA Regional Price Parities, 2024.

    Rent in Lafayette, IN

    UnitMonthly rentIncome needed (30% rule)
    Studio$869$34,760/yr
    1 bedroom$999$39,960/yr
    2 bedrooms$1,207$48,280/yr
    3 bedrooms$1,458$58,320/yr
    4 bedrooms$1,908$76,320/yr

    HUD Fair Market Rents, FY2026, population-weighted across the metro's counties.

    Take-home pay in Lafayette, IN

    Paycheck in Lafayette, IN
    Deductions, kids & local tax

    2026 tax year. Federal brackets from IRS Rev. Proc. 2025-32.

    Your take-home pay
    $39,965
    per year · effective tax rate 18.1%
    $3,330Monthly
    $1,665Twice a month
    $1,537Every 2 weeks
    $19.21Hourly
    • Federal income tax$3,674
    • Social Security (6.2%)$3,024
    • Medicare (1.45%)$707
    • Indiana income tax$1,410
    • Take-home pay$39,965

    Marginal rate: 12% federal + 2.95% state

    Highest-paying jobs in Lafayette, IN

    JobMedian salaryTake-homeReal value*
    Health Specialties Teachers, Postsecondary$109,110$82,400$88,194
    Mechanical Engineer$100,690$76,725$82,120
    General and Operations Manager$100,600$76,664$82,055
    Software Developer$99,750$76,091$81,442
    Industrial Engineer$98,640$75,343$80,641
    Registered Nurse$80,790$63,312$67,764
    Electrician$78,540$61,795$66,141
    Accountant and Auditor$77,740$61,256$65,564
    First-Line Supervisor of Production and Operating Workers$74,770$59,254$63,421
    Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products$68,080$54,745$58,595
    First-Line Supervisor of Office and Administrative Support Workers$67,600$54,422$58,249
    Human Resources Specialist$64,140$51,854$55,500
    Miscellaneous Assembler and Fabricator$63,140$51,080$54,672
    Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel$62,870$50,871$54,448
    Secondary School Teachers, Except Special and Career/Technical Education$62,590$50,654$54,216
    Machinist$62,220$50,368$53,910
    Elementary School Teachers, Except Special Education$59,590$48,332$51,731
    Educational, Guidance, and Career Counselors and Advisors$59,520$48,278$51,673
    Heavy and Tractor-Trailer Truck Driver$58,360$47,380$50,712
    Maintenance and Repair Workers, General$55,480$45,151$48,326

    *In U.S.-average dollars after adjusting for local prices.

    Frequently asked questions

    Is Lafayette, IN expensive to live in?

    According to the Bureau of Economic Analysis, overall prices in the Lafayette-West Lafayette, IN metro area are 93.4% of the U.S. average, with housing at 76.4%. It is the #198 most expensive of 387 metro areas we track.

    What salary do you need to live in Lafayette, IN?

    To match the buying power of a $60,000 salary in an average-priced U.S. city you would need about $56,058 in Lafayette, IN (before tax differences). The median wage across all jobs here is $48,780.

    How much is rent in Lafayette, IN?

    HUD’s FY2026 fair market rents for Lafayette, IN are $869 for a studio, $999 for one bedroom, $1,207 for two bedrooms and $1,458 for three bedrooms, including utilities.

    All salaries in Lafayette, IN

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