Living in Lafe, Arkansas
Cost of living, income, home prices, rent and demographics of Lafe · Census data 2020–2024
Lafe has 478 residents with a median age of 36.3. The median household income is $36,429 (40% lower than the Arkansas median), the median home value is $82,400, the median rent is $775/month.
Lafe is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lafe at a glance
- Population
- 478
- Median age
- 36.3State: 38.5
- Median household income
- $36,429State: $60,773
- Median home value
- $82,400State: $188,000
- Median rent
- $775/moState: $947
- Homeowners
- 81.4%
- Bachelor's degree or higher
- 8.2%
- Average commute
- 22 min
Is Lafe a good place to live?
Pros: Home values 56% lower than the state median; an average commute of 22 minutes.
Cons: Median household income 40% lower than the Arkansas median; unemployment of 8.3%; a poverty rate of 43.4%.
The weather is best in April–May and September–October.
Cost of living in Lafe
Housing is the biggest part of the cost of living. In Lafe the median home value is $82,400, 75% lower than the U.S. median. Renters pay a median of $775 per month, which is 32.1% of household income. Homeowners with a mortgage pay $792 a month in housing costs.
Lafe median household income
The median household income in Lafe is $36,429 and the income per person is $18,777. 43.4% of residents live below the poverty line (Arkansas: 16%).
Housing in Lafe: homes for sale and rent
- Housing units
- 184
- Owner-occupied
- 81.4%
- Renter-occupied
- 18.6%
- Vacant
- 6.5%Includes seasonal homes
- Median year built
- 1987
- Average household size
- 2.78
Lafe demographics
- Population
- 478
- Median age
- 36.3
- Under 18
- 31.2%
- 65 and older
- 16.9%
- Households
- 172
- Foreign-born
- 0%
- Veterans
- 8.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Lafe ›
Education in Lafe
8.2% of adults 25 and older in Lafe have a bachelor's degree or higher (Arkansas: 25.7%), and 1.9% have a graduate or professional degree.
Jobs and commute in Lafe
- Unemployment rate
- 8.3%State: 4.9%
- Average commute
- 22 minState: 23 min
- Work from home
- 1.8%
- Drive alone
- 79.4%
- Public transit
- 0%
- Walk to work
- 1.8%
- Homes with broadband
- 82.6%
Lafe vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lafe | 478 | $36,429 | $82,400 | $775 |
| Oak Grove Heights | 1,164 | $82,292 | $184,900 | $785 |
| Marmaduke | 1,240 | $51,250 | $112,200 | $748 |
| Knobel | 158 | $98,242 | $9,999 | — |
| Paragould | 30,215 | $56,980 | $181,500 | $925 |
| Rector | 1,750 | $47,760 | $91,300 | $667 |
| Walcott | 315 | $170,856 | $75,300 | — |
| Corning | 3,134 | $50,408 | $89,500 | $704 |
| Cardwell | 816 | $22,500 | $38,800 | $767 |
More for people moving to Lafe
Lafe ZIP code ›Weather and climate ›Living in Lafe: FAQ
What is the median household income in Lafe, AR?
The median household income in Lafe is $36,429, 40% lower than the Arkansas median of $60,773 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lafe?
The median home value in Lafe is $82,400, compared with $188,000 in Arkansas.
How much is rent in Lafe?
The median gross rent in Lafe is $775 per month, about 32.1% of household income.
Is Lafe, AR a good place to live?
Pluses: home values 56% lower than the state median; an average commute of 22 minutes. Minuses: median household income 40% lower than the Arkansas median; unemployment of 8.3%; a poverty rate of 43.4%.
What is the median age in Lafe?
The median age in Lafe is 36.3 years (Arkansas: 38.5).
How long is the commute in Lafe?
The average commute to work in Lafe is 22 minutes; 1.8% of workers work from home.
What is the unemployment rate in Lafe?
The unemployment rate in Lafe is 8.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lafe?
8.2% of adults in Lafe 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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