Income & Economy in Lafayette city, LA (70507)
Median Income
$64,010
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+760
Wealth inflow
Population
19,215
Unemployment
3.4%
0.3pp below US avg
IRS migration statistics show a net inflow of about 760 for ZIP 70507 (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 70507 (2020–Present)
Since 2020, population grew 5.2%, median income fell 12.1% (inflation-adjusted), home values increased 9.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $64,010 |
| Unemployment | 3.4% |
| Establishments | 409 |
| Employees | 7,820 |