Acadiana Business Advocate

Friday, July 29th, 2022

Here's what you'd have to earn to afford a fair market rate 2-bedroom apartment in Lafayette

By ADAM DAIGLE | Acadiana Business Editor

Happy Friday, Acadiana. Thanks for reading us this morning.

Think the fair market rate for an apartment is truly fair? Renting an two-bedroom unit at that rate rate in the Lafayette area would require someone earning over $17 an hour, a housing advocacy group announced. Folks in the rental market continue to get crunched amid rising prices and overall inflation. Rents in Lafayette are trending downward but are still over 20% higher than pre-pandemic rates.

You can read the story here.

Have a great weekend and see you back here Monday morning.

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