Lafayette, MS County is a great place for those looking to save money on their cost of living. Rent for a two bedroom apartment in Lafayette is about $320 less than the US average, and the Grocery Cost Index is also 6 points below the national index. This makes Lafayette an attractive option for people looking to stretch their dollar further.
The county also has a strong economic base with many local companies operating in sectors such as healthcare, education and retail. Companies like Baptist Memorial Hospital, North Mississippi Medical Center and University of Mississippi are just a few that call Lafayette home.
Overall, Lafayette’s low rental prices combined with its strong local economy make it an attractive option for those looking to save money while still enjoying all the amenities of modern living.
Lafayette County has an unemployment rate of 4.5%. The US average is 6.0%.
Lafayette County has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 50.9%, which is higher than the US average of 33.5%.
Tax Rates for Lafayette County
- The Sales Tax Rate for Lafayette County is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lafayette County is 5.0%. 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 $21,838 a year. The US average is $28,555 a year.
- The Median household income of a Lafayette County resident is $54,720 a year. The US average is $69,021 a year.