Living in Fayette, Mississippi
Cost of living, income, home prices, rent and demographics of Fayette · Census data 2020–2024
Fayette has 1,691 residents with a median age of 33.7. The median household income is $28,567 (49% lower than the Mississippi median), the median home value is $95,000, the median rent is $425/month.
Fayette at a glance
- Population
- 1,691
- Median age
- 33.7State: 38.6
- Median household income
- $28,567State: $56,447
- Median home value
- $95,000State: $169,800
- Median rent
- $425/moState: $954
- Homeowners
- 59.2%
- Bachelor's degree or higher
- 8.3%
- Average commute
- 16 min
Is Fayette a good place to live?
Pros: Home values 44% lower than the state median; an average commute of 16 minutes; unemployment of 1%.
Cons: Median household income 49% lower than the Mississippi median; a poverty rate of 38%.
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 $95,000, 71% lower than the U.S. median. Renters pay a median of $425 per month, which is 37% of household income. Homeowners with a mortgage pay $1,559 a month in housing costs.
Fayette median household income
The median household income in Fayette is $28,567 and the income per person is $21,990. 38% of residents live below the poverty line (Mississippi: 18.9%).
Housing in Fayette: homes for sale and rent
- Housing units
- 712
- Owner-occupied
- 59.2%
- Renter-occupied
- 40.8%
- Vacant
- 19.5%Includes seasonal homes
- Median year built
- 1982
- Average household size
- 2.95
Fayette demographics
- Population
- 1,691
- Median age
- 33.7
- Under 18
- 33.2%
- 65 and older
- 12.2%
- Households
- 573
- Foreign-born
- 0%
- Veterans
- 1.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Fayette ›
Education in Fayette
8.3% of adults 25 and older in Fayette have a bachelor's degree or higher (Mississippi: 25.1%), and 4.3% have a graduate or professional degree.
Jobs and commute in Fayette
- Unemployment rate
- 1%State: 5.8%
- Average commute
- 16 minState: 26 min
- Work from home
- 18.7%
- Drive alone
- 80.5%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 96.7%
Fayette vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Fayette | 1,691 | $28,567 | $95,000 | $425 |
| Port Gibson | 1,261 | $42,656 | $113,500 | $497 |
| St. Joseph | 603 | $38,393 | $59,100 | $733 |
| Meadville | 535 | $56,472 | $88,000 | $1,018 |
| Morgantown | 1,038 | $52,308 | $95,100 | $928 |
| Waterproof | 576 | $21,786 | $47,300 | $469 |
| Bude | 947 | $25,484 | $81,900 | — |
| Natchez | 14,192 | $36,735 | $119,400 | $806 |
| Spokane | 442 | $97,361 | — | — |
More for people moving to Fayette
Fayette ZIP code ›Weather and climate ›Living in Fayette: FAQ
What is the median household income in Fayette, MS?
The median household income in Fayette is $28,567, 49% lower than the Mississippi median of $56,447 (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 $95,000, compared with $169,800 in Mississippi.
How much is rent in Fayette?
The median gross rent in Fayette is $425 per month, about 37% of household income.
Is Fayette, MS a good place to live?
Pluses: home values 44% lower than the state median; an average commute of 16 minutes; unemployment of 1%. Minuses: median household income 49% lower than the Mississippi median; a poverty rate of 38%.
What is the median age in Fayette?
The median age in Fayette is 33.7 years (Mississippi: 38.6).
How long is the commute in Fayette?
The average commute to work in Fayette is 16 minutes; 18.7% of workers work from home.
What is the unemployment rate in Fayette?
The unemployment rate in Fayette is 1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fayette?
8.3% 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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