Babbitt, MN vs Lafayette, MN

Babbitt is moderately more affordable than Lafayette, with a 6.2% lower cost of living index. Babbitt scores 60 compared to 64 for Lafayette, where the US average is 100. This difference means residents of Lafayette can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Babbitt is $726/month compared to $725/month in Lafayette — a 0% difference. Interestingly, home values tell a different story: while Lafayette has cheaper rent, Babbitt actually has lower median home values ($96,000 vs $142,700).

Median household income in Babbitt is $54,318 compared to $95,500 in Lafayette (-43.1%). While Lafayette is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Babbitt spend roughly 16% of their income on rent, more than the 9.1% in Lafayette.