Salary Needed to Live in Lafayette as a Family
A family of four (2 adults, 2 children) needs approximately $49,440/year to live comfortably in Lafayette, LA — including 15% savings.
Comfortable Salary
$49,440
with 15% savings
Bare Minimum
$39,552
no savings buffer
Monthly Expenses
$2,472
16% below national avg
Detailed Monthly Budget for a Family in Lafayette
| Expense | Lafayette | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 3BR Apartment/House Rent | $157 | $209 | -25% |
| 🛒 Groceries | $53 | $44 | +20% |
| ⚡ Utilities | $23 | $28 | -18% |
| 🚗 Transportation | $37 | $44 | -16% |
| 🛡️ Car Insurance | $150 | $223 | -33% |
| 🏥 Health Insurance | $48 | $56 | -14% |
| Childcare/After-school | $1,032 | $1,200 | -14% |
| Internet + Phones | $155 | $180 | -14% |
| Children Activities | $215 | $250 | -14% |
| Dining Out | $301 | $350 | -14% |
| School Supplies & Clothing | $172 | $200 | -14% |
| Healthcare Co-pays | $129 | $150 | -14% |
| Total Monthly | $2,472 | $2,934 | -16% |
How We Calculated the Salary
Monthly expenses:$2,472
Target savings (15%):$545/mo
Monthly after-tax needed:$3,017
Effective tax rate:25%
Gross annual salary needed:$49,440
Other Household Types in Lafayette
Related Pages
FAQ
What salary does a family with kids need in Lafayette?
A family with kids needs approximately $49,440/year ($4,120/month gross) to live comfortably in Lafayette with a 15% savings rate.
How much is rent for a family with kids in Lafayette?
A 3br apartment/house in Lafayette costs approximately $157/month, which is the largest single expense at 6% of the total budget.
Is Lafayette affordable for a family with kids?
Yes, Lafayette is 16% more affordable than the national average for a family with kids.