LaFayette, GA is an attractive place to live with a cost of living significantly lower than the national average. 2 bedroom rents in LaFayette are $860, compared to the US average of $1,430. Additionally, groceries are more affordable here as well; LaFayette's grocery cost index is 94 versus 100 in the US on average. Local companies such as Tyson Foods, Mohawk Industries, Shaw Industries and Fieldale Farms provide excellent job opportunities and contribute to the active economy of LaFayette. The overall cost of living remains lower than the national average while still providing great amenities and activities for locals.
LaFayette has an unemployment rate of 2.9%. The US average is 6.0%.
LaFayette has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 43.6%, which is higher than the US average of 33.5%.
Tax Rates for LaFayette
- The Sales Tax Rate for LaFayette is 7.0%. The US average is 7.3%.
- The Income Tax Rate for LaFayette is 6.0%. 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 $17,774 a year. The US average is $28,555 a year.
- The Median household income of a LaFayette resident is $31,377 a year. The US average is $69,021 a year.