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- Title
Lafayette forecast 2024.
- Authors
Hall, Tanya
- Abstract
The Lafayette Metropolitan Statistical Area (MSA) has become an attractive market to live and work with a relatively resilient economy. The region has attracted attention due to past rankings about career opportunities and real estate hot markets coupled with the prestige of Purdue University. The 2023 data show the region's goods producing sector has experienced growth both in employment numbers and in wage levels, despite tight labor markets and housing inventory. Looking ahead to 2024, current economic conditions are signaling more tepid growth due to pressures from inflation and rising costs for both goods and labor.
- Subjects
LAFAYETTE (La.); PURDUE University; STANDARD metropolitan statistical areas; REAL estate sales; MARKET tightness; VOCATIONAL guidance; HOUSING market
- Publication
Indiana Business Review, 2023, Vol 92, Issue 5, p1
- ISSN
0019-6541
- Publication type
Article