Best Places for Business and Careers 2019Best Places to Retire In Each State 2018
Lafayette, LA
Lafayette, LA
Lafayette, LA
Lafayette, LA
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gross metro product
$24.6B
population
489.4K
median household income
$47,842
median home price
$170,000
cost of living
4% below nat'l avg
college attainment
22.5%
net migration
-520 (year: 2018)
unemployment
4.6%
major industries
Education, Energy, Health care
job growth
0.9% (year: 2018)
As of October 2019
population
128.0K
median home price
$163,000
As of August 2018
Lafayette still maintains a relatively diverse economy, despite its main economic strengths lying primarily within the health care and service industries. The city boasts itself as the center of the Cajun culture in Louisiana and the U.S. Lafayette continues to have a strong tourism industry in large part due to the attraction of the Cajun and Creole cultures of the surrounding region. Downtown Lafayette turns into a nightlife hub in the Acadiana region, offering a diverse range of dance clubs and sports bars, including
iconic live music venue tourist destinations such as Grant Street Dancehall and The Blue Moon Saloon. Lafayette is also home of the National Guard headquarters and U.S. Marine Corps Reserve Unit.
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City of 128,000, 135 miles west of New Orleans. Median home price $163,000. Cost of living 7% below national average. PROS: Good rank on Milken Institute list of best cities for successful aging. Doctors per capita near national average. Good air quality. No state estate/inheritance tax, no state income tax on Social Security earnings, state income tax breaks on pension income. CONS: Serious crime rate above national average. Not very walkable. NOTED: Known for Cajun cuisine. Elevation 35 feet. Top marginal income tax rate
6.0%. TRIVIA: Originally called Vermilionville after the local river.
Sources: Moody's Analytics; Sperling's BestPlaces; U.S. Census.
Numbers as of October 2019
a - Value of 100 means that a family with the median income has exactly enough income to qualify for a typical mortgage on a median-priced single-family home. An index above 100 signifies that the family has surplus income.
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