La Fayette is a small city located in Alabama. It has a population of around 4,000 people and is situated in Chambers County. The cost of living in La Fayette is lower than the US average. The median 2 bedroom rent price is $930, which is significantly lower than the US average of $1,430. Grocery costs are also lower in La Fayette with a Grocery Cost Index of 91 compared to 100 in the US. Customers can find local stores such as Piggly Wiggly, Dollar General and Walmart to purchase groceries at affordable prices. Additionally, there are many restaurants and bars like Henry's Bar-B-Que and Grandma's Country Kitchen that offer delicious meals for reasonable prices. In La Fayette you can find everything you need at an affordable price while managing your budget effectively.
La Fayette has an unemployment rate of 3.8%. The US average is 6.0%.
La Fayette has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 33.6%, which is higher than the US average of 33.5%.
Tax Rates for La Fayette
- The Sales Tax Rate for La Fayette is 9.0%. The US average is 7.3%.
- The Income Tax Rate for La Fayette is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for La Fayette
- The average income of a La Fayette resident is $15,670 a year. The US average is $28,555 a year.
- The Median household income of a La Fayette resident is $30,230 a year. The US average is $69,021 a year.