Income & Economy in Lafayette city, LA (70506)
Median Income
$55,553
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,644
Wealth inflow
Population
41,550
Unemployment
5.3%
1.6pp above US avg
IRS migration statistics show a net inflow of about 1,644 for ZIP 70506 (Lafayette city, LA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 70506 (2020–Present)
Since 2020, population grew 0.8%, median income fell 5.4% (inflation-adjusted), home values increased 2.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $55,553 |
| Unemployment | 5.3% |
| Establishments | 1,224 |
| Employees | 17,951 |