Lake Lafayette, MO is a small town located in Eastern Missouri which offers a peaceful setting for families and individuals looking for a quiet lifestyle. The rent for a two bedroom apartment is $920, which is significantly lower than the US average of $1,430. Grocery costs are also relatively low with an index of 97 versus 100 in the US overall. The cost of living in Lake Lafayette makes it an attractive place to live. Local companies include businesses like B&G Food Mart, Lakewood Services Inc., and BBK Corporation. Families and individuals who move to Lake Lafayette can look forward to the peace and comfort that comes with living in such a small town while also benefiting from significantly lower costs than many other areas of the United States.
Lake Lafayette has an unemployment rate of 4.0%. The US average is 6.0%.
Lake Lafayette has seen the job market increase by 1.1% 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 Lake Lafayette
- The Sales Tax Rate for Lake Lafayette is 5.9%. The US average is 7.3%.
- The Income Tax Rate for Lake Lafayette is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake Lafayette
- The average income of a Lake Lafayette resident is $16,214 a year. The US average is $28,555 a year.
- The Median household income of a Lake Lafayette resident is $40,568 a year. The US average is $69,021 a year.