Kokomo, IN vs Lafayette, IN

Kokomo is moderately more affordable than Lafayette, with a 9.1% lower cost of living index. Kokomo scores 70 compared to 76 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 Kokomo is $917/month compared to $1,039/month in Lafayette — a 12% difference. Home values follow the same pattern: Kokomo is more affordable at $126,500 median vs $157,600.

Median household income in Kokomo is $54,195 compared to $52,946 in Lafayette (+2.4%). Kokomo offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Kokomo spend roughly 20.3% of their income on rent, less than the 23.5% in Lafayette.