Salary & Cost of Living in West Lafayette, IN
West Lafayette, IN: $43,767 median salary, cost of living index 89.3, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$43,767
$21/hr
Cost of Living
89.3
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
3.1%
rate
West Lafayette, IN Overview
Population
49,668
Median Salary
$43,767
Average Salary
$49,019
Avg Commute
19 min
Median Home Price
$207,000
Median Rent
$853/mo
Job Growth
+1.7%
Sales Tax
7%
West Lafayette is located in Indiana with a population of 49,668. The median household salary is $43,767 per year ($21/hour), which is $15,617 below the national median of $59,384. The average commute time is 19 minutes, and the city has a job growth rate of +1.7%.
West Lafayette Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in West Lafayette, IN, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$35,700
$2,974.97/month · $1,373.07/biweekly · Effective Rate: 18.4%
Gross Pay
$43,767
Federal Tax
-$3,214
State Tax
-$1,335
Local Tax
-$171
FICA
-$3,348
Net Pay
$35,700
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,647.25 | $43,767.00 |
| Federal Income Tax | -$267.80 | -$3,213.54 |
| Indiana State Tax (3.05%) | -$111.24 | -$1,334.89 |
| Local Tax (0.39%) | -$14.22 | -$170.69 |
| Social Security (6.2%) | -$226.13 | -$2,713.55 |
| Medicare (1.45%) | -$52.89 | -$634.62 |
| Net Take-Home Pay | $2,974.97 | $35,699.70 |
Salary Comparison: West Lafayette vs Other Cities
See how West Lafayette's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| West Lafayette, IN | $43,767 | 89.3 | $49,011 |
| National Average | $59,384 | 100 | $59,384 |
| East Chicago, IN | $43,819 | 80.7 | $54,299 |
| Brunswick, OH | $43,829 | 85.8 | $51,083 |
| Fairfield, OH | $43,841 | 88.8 | $49,370 |
| Columbus, IN | $43,680 | 80.5 | $54,261 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in West Lafayette
West Lafayette's cost of living index is 89.3 (national average = 100). Living in West Lafayette is 10.700000000000003% less expensive than the national average.
Median Home Price
$207,000
Median Monthly Rent
$853
Annual Rent Cost
$10,236
Your Salary's Purchasing Power
Your $35,700 annual take-home pay in West Lafayette has the purchasing power of approximately $39,977 in an average-cost US area. Your $43,767 salary stretches further here than in most US cities.
Top Industries in West Lafayette
West Lafayette's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $43,767.
Salary Tips for West Lafayette Workers
- Your salary goes further here. West Lafayette has a cost of living 10.700000000000003% below the national average. A salary of $43,767 here has the purchasing power of about $49,011 in an average-cost area.
- Research top industries. West Lafayette's top industries include Manufacturing, Logistics, Life Sciences. Targeting roles in these sectors can help you earn above the $43,767 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
Related Salary Tools
Frequently Asked Questions
What is the median salary in West Lafayette, IN?
The median salary in West Lafayette, IN is $43,767 per year, or $21 per hour. The average salary is $49,019. This is $15,617 below the national median of $59,384.
What is the cost of living in West Lafayette, IN?
West Lafayette's cost of living index is 89.3 (national average = 100), meaning it is 10.700000000000003% less expensive compared to the national average. The median home price is $207,000 and the median monthly rent is $853.
What are the best industries in West Lafayette?
The top industries in West Lafayette, IN include Manufacturing, Logistics, Life Sciences. The city has a job growth rate of 1.7% and an unemployment rate of 3.1%. Workers in these industries often earn above the city's median salary of $43,767.
How does West Lafayette's salary compare to other cities?
West Lafayette's median salary of $43,767 is 26.3% below the national median of $59,384. However, when adjusted for cost of living (index: 89.3), the real purchasing power is approximately $49,011.
What is the minimum wage in West Lafayette, IN?
The minimum wage in West Lafayette, IN is $7.25 per hour. This equals approximately $15,080 per year for a full-time worker (40 hours/week). This matches the federal minimum wage of $7.25/hour.