LaFayette, KY is a bustling city located in the heart of Kentucky. It's known for its vibrant culture and friendly locals. The cost of living in LaFayette is quite affordable with two bedroom rent prices at $820, lower than the US average of $1,430. Grocery costs also remain below the national average index at 92 versus 100 in the US. This affordability is attractive to many residents and visitors alike who come to explore what LaFayette has to offer. The city is home to several corporate giants such as Amazon, UPS, and KFC while also being a popular tourist destination with attractions like Churchill Downs and the Louisville Zoo. Overall, LaFayette offers an appealing combination of affordability and culture that allows it to thrive as a vibrant community.
LaFayette has an unemployment rate of 5.6%. The US average is 6.0%.
LaFayette has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for LaFayette
- The Sales Tax Rate for LaFayette is 6.0%. 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 $28,275 a year. The US average is $37,638 a year.
- The Median household income of a LaFayette resident is $0 a year. The US average is $69,021 a year.