With data compiled from reliable public sources and government organizations like the Bureau of Labor Statistics and the U.S. Census Bureau, Joblift provides you with essential insights to help you in your job search in Lafayette, CO.
Lafayette is a city that truly excels in various industries, providing remarkable opportunities for growth and innovation. With its strong presence in technology and science sectors, the city offers cutting-edge solutions for businesses and individuals alike. The health care industry benefits from advanced research and practices, ensuring top-quality services for residents. Retail and manufacturing sectors contribute significantly to the local economy through job creation and wealth generation. Moreover, education remains a vital component in this city, fostering knowledge development and nurturing future leaders. Overall, Lafayette displays an impressive dedication to continually advancing these essential industries for the betterment of both its citizens and the world.
In the city, employment prospects are highly favorable with an average salary of $90,146 which is 30.22% higher than the national average. This exceptional figure demonstrates that the city's job market offers competitive compensation to its workforce. Additionally, a notable 63% of the population are insured by their employers, reflecting the commitment of businesses to support their employees' well-being. Despite facing a cost of living index that is 33.0% above the national median, residents benefit from an average commute time of only 25 minutes, which can be considered time-efficient compared to other urban areas. Overall, the city presents advantageous employment opportunities accompanied by valuable employer benefits and reasonable commuting times.
In Lafayette, CO, the local economy experiences an above average unemployment rate of 5.40%. Despite this, the city's future job market is projected to have very strong growth. This growth provides ample opportunities for job seekers and contributes to the economic prosperity of Lafayette. The combination of a steadily developing job market with a solid foundation makes it an appealing location for those searching for work in various industries.
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