The small village of La Fayette, Illinois has a population of 61449 according to the 2010 census. Despite its relatively small size, La Fayette offers an array of companies and amenities. For example, the town is home to several large employers such as Johnsonville Sausage Company, Grange Automotive Services, and B&H Industries. The cost of living in La Fayette is considerably lower than the national average; 2 Bedroom rent in La Fayette is $770 compared to $1,430 elsewhere in the US and the Grocery Cost Index in La Fayette is 91 versus 100 nationally. In addition to affordable housing and groceries, La Fayette offers many opportunities for recreation including fishing at nearby Lake Bloomington or skiing at Ski Bluewoods Snow Park. With its tranquil atmosphere and variety of businesses and services available, it's no wonder why so many choose to stay in or move to beautiful La Fayette, IL.
La Fayette (zip 61449) has an unemployment rate of 6.7%. The US average is 6.0%.
La Fayette (zip 61449) has seen the job market decrease by -7.9% over the last year. Future job growth over the next ten years is predicted to be 18.1%, which is lower than the US average of 33.5%.
Tax Rates for La Fayette (zip 61449)
- The Sales Tax Rate for La Fayette (zip 61449) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for La Fayette (zip 61449) 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 La Fayette (zip 61449)
- The average income of a La Fayette (zip 61449) resident is $45,952 a year. The US average is $37,638 a year.
- The Median household income of a La Fayette (zip 61449) resident is $44,271 a year. The US average is $69,021 a year.