Beloit, OH vs Lafayette, OH

Beloit is moderately more affordable than Lafayette, with a 12.5% lower cost of living index. Beloit scores 55 compared to 63 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 Beloit is $565/month compared to $743/month in Lafayette — a 24% difference. Home values follow the same pattern: Beloit is more affordable at $98,300 median vs $121,700.

Median household income in Beloit is $48,684 compared to $49,653 in Lafayette (-2%). Lafayette does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Beloit spend roughly 13.9% of their income on rent, less than the 18% in Lafayette.

Climate-wise, both cities share similar average temperatures (51.7°F vs 51.4°F). Beloit receives more rainfall at 41.6" per year compared to 35.8" in Lafayette.