Lafayette, CO is a charming city located in the state of Colorado. Home to many local businesses such as Lafayette Florist, Total Image Salon & Spa and Posh Boutique & Gifts, it is an ideal place for anyone looking for a more relaxed atmosphere. The cost of living in Lafayette is slightly higher than the US average, with two bedroom rent being on average $1,940 compared to the US average of $1,430. Grocery Cost Index in Lafayette is also higher than the US at 103 versus 100. Despite this small increase in costs, Lafayette remains an affordable destination to live with plenty of amenities to enjoy.
Lafayette has an unemployment rate of 5.4%. The US average is 6.0%.
Lafayette has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 46.8%, which is higher than the US average of 33.5%.
Tax Rates for Lafayette
- The Sales Tax Rate for Lafayette is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Lafayette is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lafayette
- The average income of a Lafayette resident is $39,288 a year. The US average is $28,555 a year.
- The Median household income of a Lafayette resident is $95,033 a year. The US average is $69,021 a year.