47905 Lafayette, IN is a vibrant city with an array of businesses and amenities available to residents. The 2 bedroom rent is quite affordable at $1,040 per month, while the US averages are slightly higher at $1,430. The grocery cost index in Lafayette is 94 versus 100 in the US, making it one of the most affordable places to live in the area. There are several notable local companies within the area such as Wabash Valley Power Alliance, SIA Group LLC and Waste Management Inc. These businesses offer jobs and career opportunities for those living in or near 47905 Lafayette, IN.
Lafayette (zip 47905) has an unemployment rate of 4.1%. The US average is 6.0%.
Lafayette (zip 47905) 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 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Lafayette (zip 47905)
- The Sales Tax Rate for Lafayette (zip 47905) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lafayette (zip 47905) 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 47905)
- The average income of a Lafayette (zip 47905) resident is $26,543 a year. The US average is $28,555 a year.
- The Median household income of a Lafayette (zip 47905) resident is $58,314 a year. The US average is $69,021 a year.