Cost of Living in Lafayette, TN
Population 5,643 · Tennessee · Data vintage 2023
(100 = US avg)
Household incomes in Lafayette run well below national norms — a median of $44,924 versus the $74,580 US figure. Housing costs partially offset that gap (typical home values around $190,000).
Geographically, Lafayette is about 50 miles northeast of Nashville-Davidson, the nearest large metro. Median home values run roughly 50% lower than Nashville-Davidson's $383,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lafayette
The median home value in Lafayette is $189,800 — 38% below the national median of $305,000. Median rent runs $847/month, 36% lower than the national median of $1,314/month. The median household income of $44,924/year is 40% lower than the US median of $74,580. The local unemployment rate is 4.6%, below the national average of 4.8%. Tennessee charges no state income tax, a meaningful advantage for take-home pay. Overall, Lafayette has a cost of living index of 63 versus the US average of 100, meaning it is 37% less expensive.
Lafayette has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Lafayette, TN?
Lafayette has a cost index of 63 (100 = national average). It is 37% below the national average.
What is average rent in Lafayette, TN?
The median gross rent in Lafayette is $847 per month based on 2023 Census data.
What is the average home price in Lafayette?
The median home value in Lafayette is $189,800 according to Zillow and Census data.
What is the median income in Lafayette?
The median household income in Lafayette is $44,924 per year (2023 ACS 5-year estimates).
What is the sales tax in Lafayette, TN?
The combined state and local sales tax rate in Lafayette is 9.6%. Tennessee has no state income tax.
Is Lafayette, TN affordable?
Yes, Lafayette is generally considered affordable, with a cost of living index of 63 — about 37% below the US national average of 100.
Lafayette at a Glance
- Population
- 5,643
- Median Income
- $44,924
- Home Value
- $189,800
- Median Rent
- $847/mo
- Unemployment
- 4.6%
- Sales Tax
- 9.6%
Nearby Cities
Explore county-level cost of living data
Tennessee Rankings
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