Lafayette, LA — income, home value, property tax, and sales tax.
In ZIP 70501, which takes in part of Lafayette, homes are valued at a median of $116,900 while households bring in $33,365 a year and per-capita income sits at $19,208. At the county's 0.57% effective property tax rate, a home at that median value would generate roughly $666 in annual taxes. That figure is not trivial against a household income near $33,000, though the low rate keeps the yearly bill below what many higher-tax areas demand. Sales taxes in the area total 5.00%, adding another cost that weighs on budgets already stretched by housing.
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