Zip 47906 (West Lafayette, IN) Economy


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West Lafayette, IN located at 47906 is a great place to live. With an affordable two bedroom rent of $1,130, West Lafayette is a much more economical option than the nationwide average of $1,430. It also has a Grocery Cost Index of 97 compared to the US average of 100. This city offers a variety of amenities and activities for those who call it home. For example, Purdue University provides education opportunities with its world-renowned faculty and West Lafayette boasts plenty of delicious local restaurants like Nine Irish Brothers and Triple XXX Family Restaurant. It also offers plenty of parks including Celery Bog Nature Area and Cumberland Park with trails to traverse on foot or bike. Additionally, shopping centers such as Village Market Shopping Center are available nearby for convenient shopping trips. With its low housing costs and wealth of exciting options, West Lafayette is the perfect place to call home.

West Lafayette (zip 47906) has an unemployment rate of 4.1%. The US average is 6.0%.

West Lafayette (zip 47906) 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 West Lafayette (zip 47906)
- The Sales Tax Rate for West Lafayette (zip 47906) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for West Lafayette (zip 47906) 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 West Lafayette (zip 47906)
- The average income of a West Lafayette (zip 47906) resident is $21,235 a year. The US average is $28,555 a year.
- The Median household income of a West Lafayette (zip 47906) resident is $48,542 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWest Lafayette, IndianaUnited States
  4.16
  -7.2%-6.2%
  37.1%33.5%
  7.0%6.2%
  4.3%4.6%
  $26,558$37,638
  $48,542$69,021
  $92,901$85,028
  Population by Occupation
  1.0%1.2%
  0.0%0.5%
  2.8%6.8%
  9.4%10.0%
  0.6%2.5%
  8.5%11.0%
  2.7%4.8%
  0.5%0.8%
  0.9%1.9%
  2.0%4.7%
  1.5%1.9%
  5.7%7.6%
  0.0%0.1%
  2.2%4.2%
  36.7%9.3%
  8.0%14.0%
  2.6%2.1%
  9.6%7.0%
  3.7%4.8%
  1.6%4.7%
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