ZIP Code 70508: Population, Income, Housing

State: LA

Total population: 40,592 Household income: $86,005 Rent: $1,239

Overview

Total population

40,592

Rent

$1,239

Year built

1998

Household income

$86,005

Per capita income

$52,135

Poverty rate

12.7%

Unemployment rate

N/A

Household size

2.3 persons

Rent over 30% of income

48.2%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Demographics

State

Louisiana

County

Lafayette Parish

City

Lafayette

Total population

40,592

Adults over 25

28,452

Total households

17,365

Household size

2.3 persons

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Income & Poverty

Household income

$86,005

Per capita income

$52,135

Poverty rate

12.7%

Unemployment rate

N/A

Rent over 30% of income

48.2%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Housing

Rent

$1,239

Year built

1998

Households that rent

38.1%

Households that own

61.9%

Rooms per home (all homes)

5.4

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Race

White

76%

Black

13.1%

Asian

2.8%

Two or more races

7.2%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Ethnicity

Hispanic or Latino

5.3%

Not Hispanic or Latino

94.7%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Commute

Commute rate

17,837 (88.5%)

Commute time to work

23 mins

Work from home

2,312 (11.5%)

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Education

Less than high school

24.7%

High school graduate or GED

19.3%

Some college or associate degree

7.7%

Bachelor’s degree or higher

48.3%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Comparison of ZIP Code 70508 with: Lafayette, LA Lafayette metro area, LA Louisiana United States

ZIP 70508

Total population40,592

Rent$1,239

Year built1998

Household income$86,005

Per capita income$52,135

Poverty rate12.7%

Unemployment rateN/A

Lafayette, LA

Total population121,715

Rent$1,100

Year built1981

Household income$61,915

Per capita income$40,517

Poverty rate18.3%

Unemployment rate3.6%

Lafayette Metro Area, LA

Total population413,428

Rent$977

Year built1987

Household income$60,892

Per capita income$35,892

Poverty rate18.4%

Unemployment rate3.8%

Louisiana State

Total population4,611,961

Rent$1,064

Year built1983

Household income$60,756

Per capita income$35,038

Poverty rate18.9%

Unemployment rate4.3%

United States

Total population334,922,499

Rent$1,413

Year built1980

Household income$80,734

Per capita income$44,673

Poverty rate12.5%

Unemployment rate4%

Metric	ZIP70508	CityLafayette, LA	Metro AreaLafayette metro area, LA	StateLouisiana	CountryUnited States
Total population	40,592	121,715	413,428	4,611,961	334,922,499
Rent	$1,239	$1,100	$977	$1,064	$1,413
Year built	1998	1981	1987	1983	1980
Household income	$86,005	$61,915	$60,892	$60,756	$80,734
Per capita income	$52,135	$40,517	$35,892	$35,038	$44,673
Poverty rate	12.7%	18.3%	18.4%	18.9%	12.5%
Unemployment rate	N/A	3.6%	3.8%	4.3%	4%

View the full multi-level comparison →

Summary for 70508

Rent & Income

In 70508, the typical monthly rent is $1,239 and the typical household income is $86,005. Rent here is higher than in both Lafayette and Louisiana, and household income is also higher than in both. The estimated poverty rate is 12.7%, which is lower than in both Lafayette and Louisiana.

Housing & Affordability

This ZIP Code is primarily owner-occupied, with renters accounting for about 38.1% of households. About 48.2% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is very high, with about 48.3% of adults holding a bachelor’s degree or higher.

ZIP 70508 — Rent vs Household Income

ZIP 70508 — Poverty

How ZIP 70508 compares in Louisiana (42 ZIP Codes)

Metric	This ZIP	Rank	Starts from	State range
Rent	$1,239	27 / 42	from lower rent	$751 – $1,546
Household income	$86,005	8 / 42	from higher income	$36,791 – $109,404
Poverty rate	12.7%	13 / 42	from lower poverty	5.8% – 34.7%

Rankings are calculated among ZIP Codes in Louisiana with total population > 30,000 (year 2024).

Detailed Ranking Explanation for ZIP Code 70508

Rent

Rent-wise, this area comes 27th out of 42 ZIP Codes in Louisiana. At the state level, values extend from $751 in ZIP 70570 up to $1,546 in ZIP 70737.

Household income

Looking at income levels, ZIP Code 70508 holds the 8th out of 42 ZIP Codes. In Louisiana as a whole, the range goes from $36,791 in ZIP 71270 up to $109,404 in ZIP 70769.

Poverty rate

Regarding poverty rate, ZIP Code 70508 ranks 13th out of 42 ZIP Codes. Statewide, values range from 5.8% in ZIP 70769 up to 34.7% in ZIP 71270.

💰 Rent in ZIP Code 70508 (with Utilities)

Estimated Monthly Rent: $1,239 ℹ️ What’s Included:
✅ Base rent, electricity, gas, water/sewer, and heating fuels
❌ Not included: internet, cable TV, renter's insurance, parking

💡 What does this rent estimate mean?

Explanation: This estimate shows what renters typically pay each month for housing — including the apartment or home and essential utilities like heat, water, and electricity.

Included in this number: Rent plus electricity, gas, water/sewer, and heating fuel.

Not included: Internet, cable, parking, renter’s insurance, or furniture rental.

Note: This cost does not depend on the number of people living in the home.

👨‍👧‍👦 Household Income in ZIP Code 70508

Annual Household Income: $86,005

💡 What does Household Income mean?

Definition: This represents the middle value of all household incomes in the ZIP code — half of households earn less, and half earn more.

Includes: wages, salaries, self-employment income, Social Security, pensions, investments, unemployment, public assistance, and rental income.

Does NOT include: capital gains, non-cash benefits (like food stamps), or tax refunds.

Household = any group of people (or a single person) living in the same housing unit.

Example: A couple earning $40,000 and $30,000 together have a household income of $70,000. If that's in the middle of all local incomes, it's the value shown here.

📉 Poverty Rate in ZIP Code 70508

Estimated Rate: 12.7%

💡 What does the Poverty Rate represent?

Definition: The percentage of people in this area living below the federal poverty threshold.

How it works: The threshold is a dollar amount set by the U.S. Census Bureau that varies by family size and age. If a household's income is below that level, everyone in it is included in this rate.

Example: In a town of 10,000 people, if 1,500 have incomes below the poverty line, the poverty rate is 15%.

Note: This statistic only includes people living in households; it does not count those in student housing, military barracks, or nursing homes.

🏘️ Renter vs. Owner Households in ZIP Code 70508

In ZIP Code 70508, households that rent: 6,622 (38.1%)

📊 What does the renter household percentage reveal about this ZIP Code?

Household Type	Count	Share
Renter-Occupied	6,622	38.1%
Owner-Occupied	10,743	61.9%

Definition: This is the percentage of households that rent their home rather than own it. It includes only occupied housing units.

Why it matters: Areas with a high share of renter households often have younger populations, higher mobility, and different housing needs compared to mostly owner-occupied areas.

Example: If 65% of homes in an area are renter-occupied, it means 65 out of every 100 households rent their home.

📉 Renters Spending Over 30% of Income on Rent in ZIP Code 70508

In ZIP Code 70508, cost-burdened renters (households spending over 30% of income on housing): 3,194 (48.2%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?

Household Group	Households	Share
Cost-burdened renters (over 30%)	3,194	48.2%
Other renter households	3,428	51.8%
Total renter households	6,622	100%

Shares are calculated as a percentage of renter households.

This shows how many renters in the ZIP code are considered cost-burdened — meaning they spend more than 30% of their income on housing (rent and basic utilities).

It’s a sign that housing might be unaffordable in the area or that lower-income residents may be struggling with rent.

Data comes from the U.S. Census Bureau’s American Community Survey.

📊 Education Levels in ZIP Code 70508

Less than High School: 7,017 people (24.7%)

Includes adults who did not complete high school.

High School Graduate or GED: 5,503 people (19.3%)

Includes adults whose highest education is a high school diploma or GED.

Some College or Associate Degree: 2,203 people (7.7%)

Includes adults who attended college without completing a bachelor’s degree (some college or associate degree).

Bachelor’s Degree or Higher: 13,729 people (48.3%)

Includes adults with a bachelor’s degree or higher (bachelor’s, master’s, professional, or doctoral degree).

👥 Total Adults (25+): 28,452

ℹ️ Have questions about how these statistics are calculated? See our data methodology & FAQs

Source: ACS 5-Year Estimates (U.S. Census Bureau) — unemployment rate from BLS. Some values are derived metrics.