Lafayette, PA is a small town located in the southeast corner of Pennsylvania. It has a population of just under 3,500 people and offers plenty of modern amenities such as restaurants, banks, pharmacies, and other necessary services. Rent for a two-bedroom apartment is much lower than the national average at just $740 per month. Additionally, groceries cost less here with an index rating of 96 versus 100 in the US. Local businesses are thriving in Lafayette with well-known companies like LN Solutions providing IT support and Baker Media Group offering media marketing services to the community. The area also boasts the local Stoltzfus Farmers Market where residents can purchase locally grown produce throughout the year.
Lafayette has an unemployment rate of 8.0%. The US average is 6.0%.
Lafayette has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 14.1%, 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 4.1%. 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 $26,744 a year. The US average is $28,555 a year.
- The Median household income of a Lafayette resident is $61,563 a year. The US average is $69,021 a year.