Living in La Fayette, Illinois
Cost of living, income, home prices, rent and demographics of La Fayette · Census data 2020–2024
La Fayette has 178 residents with a median age of 44.7. The median household income is $51,346 (38% lower than the Illinois median), the median home value is $50,900.
La Fayette is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
La Fayette at a glance
- Population
- 178
- Median age
- 44.7State: 39
- Median household income
- $51,346State: $83,390
- Median home value
- $50,900State: $263,300
- Homeowners
- 96.2%
- Bachelor's degree or higher
- 5.1%
- Average commute
- 25 min
Is La Fayette a good place to live?
Pros: Home values 81% lower than the state median; an average commute of 25 minutes; a poverty rate of 4.5%.
Cons: Median household income 38% lower than the Illinois median.
The weather is best in May and July to September.
Cost of living in La Fayette
Housing is the biggest part of the cost of living. In La Fayette the median home value is $50,900, 85% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $832 a month in housing costs.
La Fayette median household income
The median household income in La Fayette is $51,346 and the income per person is $49,781. 4.5% of residents live below the poverty line (Illinois: 11.8%).
Housing in La Fayette: homes for sale and rent
- Housing units
- 119
- Owner-occupied
- 96.2%
- Renter-occupied
- 3.8%
- Vacant
- 10.9%Includes seasonal homes
- Median year built
- 1943
- Average household size
- 1.68
La Fayette demographics
- Population
- 178
- Median age
- 44.7
- Under 18
- 19.1%
- 65 and older
- 23%
- Households
- 106
- Foreign-born
- 0%
- Veterans
- 9.7%Adults 18+
Hispanic or Latino can be of any race. Population history of La Fayette ›
Education in La Fayette
5.1% of adults 25 and older in La Fayette have a bachelor's degree or higher (Illinois: 37.8%), and 3.6% have a graduate or professional degree.
Jobs and commute in La Fayette
- Unemployment rate
- 0%State: 5.8%
- Average commute
- 25 minState: 28 min
- Work from home
- 0%
- Drive alone
- 91%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 73.6%
La Fayette vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| La Fayette | 178 | $51,346 | $50,900 | — |
| Galva | 2,454 | $52,470 | $83,700 | $783 |
| Toulon | 1,485 | $59,167 | $95,500 | $714 |
| Victoria | 254 | $59,375 | $85,000 | $794 |
| Kewanee | 11,913 | $50,886 | $73,200 | $797 |
| Bishop Hill | 134 | $56,429 | $102,500 | — |
| Altona | 498 | $69,375 | $102,000 | $940 |
| Wyoming | 1,578 | $60,238 | $109,500 | $668 |
| Williamsfield | 531 | $82,417 | $109,800 | $617 |
More for people moving to La Fayette
La Fayette ZIP code ›Weather and climate ›Living in La Fayette: FAQ
What is the median household income in La Fayette, IL?
The median household income in La Fayette is $51,346, 38% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in La Fayette?
The median home value in La Fayette is $50,900, compared with $263,300 in Illinois.
Is La Fayette, IL a good place to live?
Pluses: home values 81% lower than the state median; an average commute of 25 minutes; a poverty rate of 4.5%. Minuses: median household income 38% lower than the Illinois median.
What is the median age in La Fayette?
The median age in La Fayette is 44.7 years (Illinois: 39).
How long is the commute in La Fayette?
The average commute to work in La Fayette is 25 minutes; 0% of workers work from home.
What is the unemployment rate in La Fayette?
The unemployment rate in La Fayette is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is La Fayette?
5.1% of adults in La 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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