La Fayette, IL is a charming small town located in the heart of Illinois. It offers stunning views and a rich culture that makes it an ideal place to live. The cost of living is very affordable with 2 bedroom rent costing only $780, compared to the US average of $1,430. Groceries are also very inexpensive in La Fayette as the grocery cost index is 91 compared to the national average of 100. This makes La Fayette a great place for families looking for an affordable yet fun environment.
La Fayette has plenty of attractions that make living here enjoyable. The local library offers free events throughout the year such as family readings, movie nights, and holiday celebrations. Numerous parks provide opportunities for outdoor activities like hiking, fishing, and basketball courts. Nearby you can find many popular stores like Walmart and Meijer's where you can do your shopping needs. There are also several businesses that provide entertainment options such as bowling alleys or cinemas where you can catch a movie or two on any given day.
La Fayette has an unemployment rate of 6.7%. The US average is 6.0%.
La Fayette has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 18.1%, which is lower than the US average of 33.5%.
Tax Rates for La Fayette
- The Sales Tax Rate for La Fayette is 6.8%. 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 $14,530 a year. The US average is $28,555 a year.
- The Median household income of a La Fayette resident is $38,750 a year. The US average is $69,021 a year.