Lafayette, VA is a small city located in Virginia with a population of just over 2,000 people. It is a quiet and peaceful place to live offering an excellent quality of life. The two bedroom rent in this area is quite affordable at $840 per month which is considerably cheaper than the U.S average of $1,430 for the same type of accommodation. Furthermore, grocery costs are also quite low here as measured by the Grocery Cost Index at 96 compared to 100 for the national average.
The city has many amenities such as restaurants, parks and recreation centers that allow residents to make the most of their free time. There are also several companies based in the area including B&B Carpentry and Contracting Services, Lafayette Veterinary Clinic and Kinser's Plumbing & Heating LLC all of which offer good job opportunities for locals.
Lafayette has an unemployment rate of 3.9%. The US average is 6.0%.
Lafayette has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 29.4%, which is lower than the US average of 33.5%.
Tax Rates for Lafayette
- The Sales Tax Rate for Lafayette is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Lafayette is 5.8%. 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 $19,365 a year. The US average is $28,555 a year.
- The Median household income of a Lafayette resident is $29,452 a year. The US average is $69,021 a year.