West Lafayette, IN is a great place to live. It is a small city in Tippecanoe County with a population of about 44,000 people. The cost of living in West Lafayette is very reasonable. According to the data provided, the average 2 bedroom rent in West Lafayette is $1,130 which is lower than the US average rent of $1430. The Grocery Cost Index for West Lafayette is 97 versus 100 in the US meaning groceries are slightly cheaper when compared to other parts of the country. There are several local companies located in West Lafayette such as Purdue University, Wabash National Corporation, Endress + Hauser USA Inc., National Bulk Equipment Inc., and Subaru of Indiana Automotive. These companies offer many job opportunities and contribute to the local economy.
West Lafayette has an unemployment rate of 2.9%. The US average is 6.0%.
West Lafayette has seen the job market increase by 3.6% over the last year. Future job growth over the next ten years is predicted to be 36.5%, which is higher than the US average of 33.5%.
Tax Rates for West Lafayette
- The Sales Tax Rate for West Lafayette is 7.0%. The US average is 7.3%.
- The Income Tax Rate for West Lafayette is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for West Lafayette
- The average income of a West Lafayette resident is $21,875 a year. The US average is $28,555 a year.
- The Median household income of a West Lafayette resident is $28,744 a year. The US average is $69,021 a year.