Goshen, IN vs Lafayette, IN

Goshen, IN and Lafayette, IN have a very similar cost of living, with only a 2.6% difference in their overall index. Goshen scores 78 while Lafayette scores 76 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Goshen is $1,045/month compared to $1,039/month in Lafayette — a 1% difference. Home values follow the same pattern: Lafayette is more affordable at $157,600 median vs $175,200.

Median household income in Goshen is $55,436 compared to $52,946 in Lafayette (+4.7%). While Goshen is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Goshen spend roughly 22.6% of their income on rent, less than the 23.5% in Lafayette.