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Page7of7Lafayette, LA 70506 has a population of approximately 42,132 and experiences a population change rate of 16.93%. The population density is 2,034 / sq mi .
The median household income for Lafayette, LA 70506 is $49,945, with 17,938 households and an average household size of 2.22.
The median value of a home in Lafayette, LA 70506 is $192,900 with an appreciation rate of 12.50%. 47.33% of housing in the state is owned while 42.07% is rented.
The cost of living in Lafayette, LA 70506 is 97.2 %.
The unemployment rate in Lafayette, LA 70506 is 2.80%, and recent job growth is at 1.11%. Future job growth is projected at 41.78%.
The sales tax rate in Lafayette, LA 70506 is 9.45%, while the income tax rate is 4.25% .
School expenditures in Lafayette, LA 70506 are $12,897, and the school ratio is 18.6:1.
The average high temperature in July is 91.1 degrees, with an average low temperature in January of 41.6 degrees. The average rainfall is approximately 61.5 inches per year, with 0 inches of snow per year.
