Income & Economy in Lafayette city, LA (70501)
Median Income
$31,723
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,067
Wealth inflow
Population
26,956
Unemployment
11.3%
7.6pp above US avg
IRS migration statistics show a net inflow of about 1,067 for ZIP 70501 (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 70501 (2020–Present)
Since 2020, population declined 10.3%, median income fell 12.7% (inflation-adjusted), home values decreased 13.4%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $31,723 |
| Unemployment | 11.3% |
| Establishments | 783 |
| Employees | 15,157 |