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Lafayette, LA 70508 has a population of approximately 38,799 and experiences a population change rate of 42.68%. The population density is 1,551.3 / sq mi .
The median household income for Lafayette, LA 70508 is $80,262, with 16,263 households and an average household size of 2.44.
The median value of a home in Lafayette, LA 70508 is $278,300 with an appreciation rate of 12.50%. 56.54% of housing in the state is owned while 31.94% is rented.
The cost of living in Lafayette, LA 70508 is 108.2 %.
The unemployment rate in Lafayette, LA 70508 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 70508 is 8.95%, while the income tax rate is 4.25% .
School expenditures in Lafayette, LA 70508 are $12,897, and the school ratio is 18.6:1.
The average high temperature in July is 91 degrees, with an average low temperature in January of 41.6 degrees. The average rainfall is approximately 61.9 inches per year, with 0 inches of snow per year.
