Lafayette Township in Hunterdon County, NJ (07848) is a great place to live and rent. On average, you can expect to pay around $1,390 per month for a two-bedroom rental. This is slightly cheaper than the US average of $1,430. The grocery cost index in Lafayette stands at 105 against the national average of 100 - so groceries are slightly more expensive but still affordable.
The township is home to several local businesses such as Oxford Furniture Restoration, Elegant Floral Design, Kromer Feed & Supply Inc., and John Welsh Excavating & Trucking. Most notably, Oxford Furniture Restoration has been providing top-notch furniture repair services for over thirty years in the region. Elegant Floral Design offers exquisite flower arrangements for every occasion while Kromer Feed & Supply Inc. has been supplying the farm community with quality hay, straw bedding, and animal feed since 1985. Lastly, John Welsh Excavating & Trucking provides dependable excavation and trucking services throughout Lafayette Township and beyond.
Lafayette (zip 07848) has an unemployment rate of 7.7%. The US average is 6.0%.
Lafayette (zip 07848) has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Lafayette (zip 07848)
- The Sales Tax Rate for Lafayette (zip 07848) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Lafayette (zip 07848) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lafayette (zip 07848)
- The average income of a Lafayette (zip 07848) resident is $37,143 a year. The US average is $28,555 a year.
- The Median household income of a Lafayette (zip 07848) resident is $94,974 a year. The US average is $69,021 a year.