Living in LaFayette, Kentucky
Cost of living, income, home prices, rent and demographics of LaFayette · Census data 2020–2024
LaFayette has 227 residents with a median age of 39.8. The median household income is $47,250 (26% lower than the Kentucky median), the median home value is $99,000, the median rent is $725/month.
LaFayette is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
LaFayette at a glance
- Population
- 227
- Median age
- 39.8State: 39.1
- Median household income
- $47,250State: $63,726
- Median home value
- $99,000State: $205,600
- Median rent
- $725/moState: $967
- Homeowners
- 76.1%
- Bachelor's degree or higher
- 16.2%
- Average commute
- 27 min
Is LaFayette a good place to live?
Pros: Home values 52% lower than the state median; a poverty rate of 14.1%.
Cons: Median household income 26% lower than the Kentucky median; an average commute of 27 minutes; unemployment of 5.7%.
The weather is best in May–June and September–October.
Cost of living in LaFayette
Housing is the biggest part of the cost of living. In LaFayette the median home value is $99,000, 70% lower than the U.S. median. Renters pay a median of $725 per month, which is 24.5% of household income. Homeowners with a mortgage pay $1,313 a month in housing costs.
LaFayette median household income
The median household income in LaFayette is $47,250 and the income per person is $30,729. 14.1% of residents live below the poverty line (Kentucky: 16.1%).
Housing in LaFayette: homes for sale and rent
- Housing units
- 120
- Owner-occupied
- 76.1%
- Renter-occupied
- 23.9%
- Vacant
- 5.8%Includes seasonal homes
- Median year built
- 1973
- Average household size
- 2.01
LaFayette demographics
- Population
- 227
- Median age
- 39.8
- Under 18
- 17.2%
- 65 and older
- 12.3%
- Households
- 113
- Foreign-born
- 0.9%
- Veterans
- 17.7%Adults 18+
Hispanic or Latino can be of any race. Population history of LaFayette ›
Education in LaFayette
16.2% of adults 25 and older in LaFayette have a bachelor's degree or higher (Kentucky: 27.6%), and 7.8% have a graduate or professional degree.
Jobs and commute in LaFayette
- Unemployment rate
- 5.7%State: 4.9%
- Average commute
- 27 minState: 24 min
- Work from home
- 8.7%
- Drive alone
- 85.8%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 61.1%
LaFayette vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| LaFayette | 227 | $47,250 | $99,000 | $725 |
| Big Rock | 163 | $77,344 | $234,100 | — |
| Fort Campbell North | 11,356 | $58,933 | — | $1,529 |
| Oak Grove | 7,962 | $49,354 | $148,700 | $1,197 |
| Gracey | 107 | $80,000 | — | — |
| Hopkinsville | 30,906 | $49,139 | $172,100 | $902 |
| Dover | 1,956 | $75,190 | $203,500 | $743 |
| Cadiz | 2,677 | $44,152 | $149,800 | $743 |
| Pembroke | 732 | $70,804 | $191,200 | $813 |
More for people moving to LaFayette
LaFayette ZIP code ›Weather and climate ›Living in LaFayette: FAQ
What is the median household income in LaFayette, KY?
The median household income in LaFayette is $47,250, 26% lower than the Kentucky median of $63,726 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in LaFayette?
The median home value in LaFayette is $99,000, compared with $205,600 in Kentucky.
How much is rent in LaFayette?
The median gross rent in LaFayette is $725 per month, about 24.5% of household income.
Is LaFayette, KY a good place to live?
Pluses: home values 52% lower than the state median; a poverty rate of 14.1%. Minuses: median household income 26% lower than the Kentucky median; an average commute of 27 minutes; unemployment of 5.7%.
What is the median age in LaFayette?
The median age in LaFayette is 39.8 years (Kentucky: 39.1).
How long is the commute in LaFayette?
The average commute to work in LaFayette is 27 minutes; 8.7% of workers work from home.
What is the unemployment rate in LaFayette?
The unemployment rate in LaFayette is 5.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is LaFayette?
16.2% of adults in LaFayette 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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