Everything You Need to Know About the City of Lafayette Kentucky

In 2017, Lafayette, Louisiana had a population of 126k people with a median age of 34.7 and a median household income of $48,533. Between 2016 and 2017 the population of Lafayette, LA grew from 125,808 to 126,476, a 0.531% increase and its median household income grew from $47,940 to $48,533, a 1.24% increase.

The population of Lafayette, LA is 60.3% White Alone, 31.5% Black or African American Alone, and 4.09% Hispanic or Latino. N/A% of the people in Lafayette, LA speak a non-English language, and 96.7% are U.S. citizens.

The largest universities in Lafayette, LA are the University of Louisiana at Lafayette (3,540 degrees awarded in 2017), South Louisiana Community College (1,479 degrees), and Unitech Training Academy-Lafayette (330 degrees).

The median property value in Lafayette, LA is $181,900, and the homeownership rate is 55.4%. Most people in Lafayette, LA commute by Drove Alone, and the average commute time is 20.4 minutes. The average car ownership in Lafayette, LA is 2 cars per household.


Education in Lafayette

In 2017, universities in Lafayette, LA awarded 6,118 degrees. The student population of Lafayette, LA is skewed towards women, with 10,363 male students and 14,915 female students.

Most students graduating from Universities in Lafayette, LA are White (3,649 and 61.4%), followed by Black or African American (1,687 and 28.4%), Unknown (232 and 3.91%), and Hispanic or Latino (195 and 3.28%).

The largest universities in Lafayette, LA by the number of degrees awarded are the University of Louisiana at Lafayette (3,540 and 57.9%), South Louisiana Community College (1,479 and 24.2%), and Unitech Training Academy-Lafayette (330 and 5.39%).

The most popular majors in Lafayette, LA are General Studies (717 and 11.7%), Registered Nursing (688 and 11.2%), and General Business Administration & Management (245 and 4%).

The median tuition costs in Lafayette, LA are $N/A for private four-year colleges, and $5,407 and $19,135 respectively, for public four-year colleges for in-state students and out-of-state students.


Economy in Lafayette

The economy of Lafayette, LA employs 64k people and Lafayette has an unemployment rate of 4.6%. Lafayette 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%. The largest industries in Lafayette, LA are Health Care & Social Assistance (9,135 people), Retail Trade (7,564 people), and Accommodation & Food Services (7,548 people), and the highest paying industries are Mining, Quarrying, & Oil & Gas Extraction ($59,024), Professional, Scientific, & Technical Services ($54,933), and Agriculture, Forestry, Fishing & Hunting, & Mining ($54,212).

Households in Lafayette, LA have a median annual income of $48,533, which is less than the median annual income of $61,937 across the entire United States. This is in comparison to a median income of $47,940 in 2016, which represents a 1.24% annual growth.


Tax Rates for Lafayette

– The Sales Tax Rate for Lafayette is 8.5%. The US average is 7.3%.

– The Income Tax Rate for Lafayette is 6.0%. The US average is 4.6%.

– Tax Rates can have a big impact when Comparing the Cost of Living.


Income and Salaries for Lafayette

– The average income of a Lafayette resident is $28,845 a year. 

– The Median household income of a Lafayette resident is $45,682 a year.