Lafayette, LA County is located in the southern part of Louisiana and is home to many thriving businesses. The cost of living here is quite affordable compared to the national average, with 2 bedroom rent costing $980 per month and a grocery cost index at 96 versus the US average of 100. Local companies in Lafayette include Acadian Ambulance, LHC Group, Stuller Inc., Schumacher Group, Home Bank and Advantaclean. These businesses have helped build up the economy in Lafayette and offer good job opportunities to local residents.
Lafayette County has an unemployment rate of 5.4%. The US average is 6.0%.
Lafayette County has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 13.5%, which is lower than the US average of 33.5%.
Tax Rates for Lafayette County
- The Sales Tax Rate for Lafayette County is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Lafayette County is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lafayette County
- The average income of a Lafayette County resident is $29,332 a year. The US average is $28,555 a year.
- The Median household income of a Lafayette County resident is $63,311 a year. The US average is $69,021 a year.