Lafayette, Indiana (47901) is a booming city located in the northwestern part of the state. It is home to major employers such as Purdue University, Wabash National Corporation, Caterpillar Inc., Subaru of Indiana Automotive, Inc., and Rolls-Royce Corporation. There are many positive aspects about Lafayette that make it an attractive place to live including its affordable living costs. The average two-bedroom rent in Lafayette is $960 compared to the US average of $1,430 making it cheaper for renters looking for a good deal. Additionally, grocery prices in Lafayette are 94 on their index compared to 100 in the US showing it to be an even more economical choice for those looking to save money on everyday living expenses.
Lafayette (zip 47901) has an unemployment rate of 4.9%. The US average is 6.0%.
Lafayette (zip 47901) has seen the job market increase by 3.6% over the last year. Future job growth over the next ten years is predicted to be 37.0%, which is higher than the US average of 33.5%.
Tax Rates for Lafayette (zip 47901)
- The Sales Tax Rate for Lafayette (zip 47901) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lafayette (zip 47901) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lafayette (zip 47901)
- The average income of a Lafayette (zip 47901) resident is $22,522 a year. The US average is $28,555 a year.
- The Median household income of a Lafayette (zip 47901) resident is $41,340 a year. The US average is $69,021 a year.