Lafayette (Monroe Cnty), WI is a vibrant community with plenty of local businesses to offer its residents. Major employers in the area include Monroe Clinic, Monroe Elementary School District, and Oscar Mayer Foods Corporation. The cost of living in Lafayette is lower than the US average. Rent for two-bedroom units is $1,100 compared to $1,430 in the US, and the Grocery Cost Index is 93 versus 100. The economic outlook for Lafayette appears to be strong as new jobs become available in the area. With its attractive cost of living and many job opportunities, Lafayette has become a desirable place to live for people looking to make a new home or start a business.
Lafayette town (Monroe County) has an unemployment rate of 4.2%. The US average is 6.0%.
Lafayette town (Monroe County) has seen the job market decrease by -2.3% over the last year. Future job growth over the next ten years is predicted to be 38.6%, which is higher than the US average of 33.5%.
Tax Rates for Lafayette town (Monroe County)
- The Sales Tax Rate for Lafayette town (Monroe County) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Lafayette town (Monroe County) is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lafayette town (Monroe County)
- The average income of a Lafayette town (Monroe County) resident is $29,267 a year. The US average is $37,638 a year.
- The Median household income of a Lafayette town (Monroe County) resident is $84,792 a year. The US average is $69,021 a year.