The average 2-bedroom rent in Lafayette, LA is $950. This is significantly lower than the national average of $1,430 for 2-bedrooms. Meanwhile, the Grocery Cost Index in Lafayette is 95 versus 100 in the US, making this an affordable city to live when it comes to groceries. Local businesses include Cajun Brewing Company and Leonards Market. Cajun Brewing Company offers a variety of craft beers brewed with local ingredients, while Leonards Market offers everything from fresh produce and meats to everyday items like laundry detergent.
Lafayette (zip 70507) has an unemployment rate of 5.8%. The US average is 6.0%.
Lafayette (zip 70507) has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 12.2%, which is lower than the US average of 33.5%.
Tax Rates for Lafayette (zip 70507)
- The Sales Tax Rate for Lafayette (zip 70507) is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Lafayette (zip 70507) is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lafayette (zip 70507)
- The average income of a Lafayette (zip 70507) resident is $31,126 a year. The US average is $37,638 a year.
- The Median household income of a Lafayette (zip 70507) resident is $63,125 a year. The US average is $69,021 a year.