Lafayette, LA (zip code 70508) is an ideal city to call home. Located in the heart of Acadiana, Lafayette offers affordable yet luxurious living. The two-bedroom rent of $1,160 per month in Lafayette is much lower than the national average of $1,430, making it much more cost effective for those looking to save money on living expenses. Additionally, grocery costs in Lafayette are below the national average—99 versus 100—which provides extra savings for families.
The city also boasts a wide variety of attractions and amenities to keep residents busy all year long. For shopping enthusiasts, there’s The Mall of Acadiana and dozens of unique boutiques located within its historic downtown district. Outdoor lovers can explore scenic parks such as Girard Park or catch a game at Mello Joy Baseball Stadium. There are also plenty of locally owned restaurants like Blue Dog Café and Tsunami Sushi & Asian Bistro that offer delicious menu items for every taste.
Lafayette is truly an amazing place to live with its friendly people and endless opportunities for entertainment and recreation. With economical housing prices compared to the rest of the nation coupled with great local employers such as LHC Group Inc., Petroleum Helicopters International, The University of Louisiana at Lafayette, and Baptist Health Care System Inc., this charming city is sure to provide an exceptional quality of life throughout your stay.
Lafayette (zip 70508) has an unemployment rate of 5.8%. The US average is 6.0%.
Lafayette (zip 70508) has seen the job market increase by 0.3% 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 70508)
- The Sales Tax Rate for Lafayette (zip 70508) is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Lafayette (zip 70508) 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 70508)
- The average income of a Lafayette (zip 70508) resident is $40,469 a year. The US average is $28,555 a year.
- The Median household income of a Lafayette (zip 70508) resident is $80,262 a year. The US average is $69,021 a year.