Living in Fayette, Alabama
Cost of living, income, home prices, rent and demographics of Fayette · Census data 2020–2024
Fayette has 4,164 residents with a median age of 36.5. The median household income is $36,473 (43% lower than the Alabama median), the median home value is $122,000, the median rent is $640/month.
Fayette at a glance
- Population
- 4,164
- Median age
- 36.5State: 39.3
- Median household income
- $36,473State: $63,999
- Median home value
- $122,000State: $209,900
- Median rent
- $640/moState: $1,007
- Homeowners
- 56.1%
- Bachelor's degree or higher
- 18.7%
- Average commute
- 24 min
Is Fayette a good place to live?
Pros: Home values 42% lower than the state median; an average commute of 24 minutes.
Cons: Median household income 43% lower than the Alabama median; unemployment of 17.7%; a poverty rate of 42%.
The weather is best in April–May and September–October.
Cost of living in Fayette
Housing is the biggest part of the cost of living. In Fayette the median home value is $122,000, 63% lower than the U.S. median. Renters pay a median of $640 per month, which is 22.6% of household income. Homeowners with a mortgage pay $1,177 a month in housing costs.
Fayette median household income
The median household income in Fayette is $36,473 and the income per person is $26,513. 42% of residents live below the poverty line (Alabama: 15.6%).
Housing in Fayette: homes for sale and rent
- Housing units
- 2,188
- Owner-occupied
- 56.1%
- Renter-occupied
- 43.9%
- Vacant
- 27.8%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.46
Fayette demographics
- Population
- 4,164
- Median age
- 36.5
- Under 18
- 23.4%
- 65 and older
- 22.4%
- Households
- 1,580
- Foreign-born
- 0%
- Veterans
- 5.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Fayette ›
Education in Fayette
18.7% of adults 25 and older in Fayette have a bachelor's degree or higher (Alabama: 28.4%), and 8.7% have a graduate or professional degree.
Jobs and commute in Fayette
- Unemployment rate
- 17.7%State: 4.7%
- Average commute
- 24 minState: 26 min
- Work from home
- 3.4%
- Drive alone
- 93%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 89.9%
Fayette vs nearby towns
More for people moving to Fayette
Fayette ZIP code ›Weather and climate ›Living in Fayette: FAQ
What is the median household income in Fayette, AL?
The median household income in Fayette is $36,473, 43% lower than the Alabama median of $63,999 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Fayette?
The median home value in Fayette is $122,000, compared with $209,900 in Alabama.
How much is rent in Fayette?
The median gross rent in Fayette is $640 per month, about 22.6% of household income.
Is Fayette, AL a good place to live?
Pluses: home values 42% lower than the state median; an average commute of 24 minutes. Minuses: median household income 43% lower than the Alabama median; unemployment of 17.7%; a poverty rate of 42%.
What is the median age in Fayette?
The median age in Fayette is 36.5 years (Alabama: 39.3).
How long is the commute in Fayette?
The average commute to work in Fayette is 24 minutes; 3.4% of workers work from home.
What is the unemployment rate in Fayette?
The unemployment rate in Fayette is 17.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fayette?
18.7% of adults in Fayette have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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