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Lafayette, LA 70507 has a population of approximately 16,455 and experiences a population change rate of 5.44%. The population density is 775.7 / sq mi .
The median household income for Lafayette, LA 70507 is $63,125, with 6,964 households and an average household size of 2.63.
The median value of a home in Lafayette, LA 70507 is $186,300 with an appreciation rate of 12.50%. 63.82% of housing in the state is owned while 26.07% is rented.
The cost of living in Lafayette, LA 70507 is 95.3 %.
The unemployment rate in Lafayette, LA 70507 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 70507 is 10.45%, while the income tax rate is 4.25% .
School expenditures in Lafayette, LA 70507 are $12,897, and the school ratio is 18.6:1.
The average high temperature in July is 91.5 degrees, with an average low temperature in January of 41.6 degrees. The average rainfall is approximately 61.6 inches per year, with 0 inches of snow per year.