Lafayette vs Montgomery

Category-by-Category Breakdown

Index values · National average = 100 · Lower is more affordable

Salary Equivalence

A $75,000 salary in Lafayette has the same purchasing power as $65,833 in Montgomery.

Conversely, $75,000 in Montgomery equals $85,443 in Lafayette.

Living in Lafayette vs Montgomery

Housing Costs

Lafayette's housing index of 73 is higher Montgomery's 49, translating to median home prices of $214,000 vs $162,000. The $52,000 difference in home prices means roughly $3,384 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,100/mo in Lafayette compared to $1,000/mo in Montgomery, a monthly difference of $100.

Grocery & Food Costs

Grocery expenses index at 96 in Lafayette and 99 in Montgomery. A household spending the national average of $475/month on groceries would pay approximately $456/month in Lafayette vs $470/month in Montgomery. The difference in grocery costs between these cities is relatively minor and unlikely to be a deciding factor in relocation.

Utility Expenses

Utility costs — electricity, gas, water, internet — index at 97 in Lafayette and 115 in Montgomery. Monthly utility bills average approximately $388 in Lafayette vs $460 in Montgomery. Climate differences between the two cities drive much of this gap, with heating and cooling costs varying substantially by region.

Healthcare

Healthcare costs index at 80 in Lafayette and 78 in Montgomery. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. Healthcare costs are relatively similar between these two cities, though individual plan costs can still vary.

Income & Purchasing Power

Median household income is $61,900 in Lafayette and $56,800 in Montgomery. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $68,778 and $71,899 respectively. Montgomery residents come out ahead in real purchasing power.

Relocation Considerations

Under the standard 28% rule, a median-income household can allocate $1,444/month to housing in Lafayette vs $1,325/month in Montgomery. In Lafayette, median rent of $1,100/mo fits within this budget. In Montgomery, median rent of $1,000/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 24 index points — focus your budget analysis there.

Frequently Asked Questions

Moving & Relocation Resources

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