Lafayette, LA — income, home value, property tax, and sales tax.
In ZIP code 70517, near Lafayette, homes carry a median value of $162,100, and the county's 0.44% effective property tax rate works out to roughly $713 a year on such a home. With median household income at $60,778 and per-capita income at $30,139, that tax bill takes up a bit over one percent of a typical household's annual earnings. The combined sales tax rate of 5.00% applies to purchases across the area. Together, these figures describe a housing market where ownership costs stay low against local wages, though the gap between household and per-capita income hints at varied economic circumstances.
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