Living in Fayette, Missouri
Cost of living, income, home prices, rent and demographics of Fayette · Census data 2020–2024
Fayette has 2,801 residents with a median age of 22.8. The median household income is $57,679 (18% lower than the Missouri median), the median home value is $146,700, the median rent is $947/month.
Fayette at a glance
- Population
- 2,801
- Median age
- 22.8State: 39
- Median household income
- $57,679State: $70,702
- Median home value
- $146,700State: $230,300
- Median rent
- $947/moState: $1,033
- Homeowners
- 57.7%
- Bachelor's degree or higher
- 34.3%
- Average commute
- 27 min
Is Fayette a good place to live?
Pros: Home values 36% lower than the state median; unemployment of 2.5%.
Cons: Median household income 18% lower than the Missouri median; an average commute of 27 minutes; a poverty rate of 16.9%.
The weather is best in May–June and August–September.
Cost of living in Fayette
Housing is the biggest part of the cost of living. In Fayette the median home value is $146,700, 56% lower than the U.S. median. Renters pay a median of $947 per month, which is 26.7% of household income. Homeowners with a mortgage pay $1,245 a month in housing costs.
Fayette median household income
The median household income in Fayette is $57,679 and the income per person is $22,903. 16.9% of residents live below the poverty line (Missouri: 12.6%).
Housing in Fayette: homes for sale and rent
- Housing units
- 1,058
- Owner-occupied
- 57.7%
- Renter-occupied
- 42.3%
- Vacant
- 24.5%Includes seasonal homes
- Median year built
- 1956
- Average household size
- 2.64
Fayette demographics
- Population
- 2,801
- Median age
- 22.8
- Under 18
- 18.5%
- 65 and older
- 12.6%
- Households
- 799
- Foreign-born
- 3%
- Veterans
- 4.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Fayette ›
Education in Fayette
34.3% of adults 25 and older in Fayette have a bachelor's degree or higher (Missouri: 32.4%), and 15.3% have a graduate or professional degree.
Jobs and commute in Fayette
- Unemployment rate
- 2.5%State: 4%
- Average commute
- 27 minState: 24 min
- Work from home
- 10.8%
- Drive alone
- 67.5%
- Public transit
- 0%
- Walk to work
- 6.1%
- Homes with broadband
- 88.5%
Fayette vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Fayette | 2,801 | $57,679 | $146,700 | $947 |
| Armstrong | 416 | $59,063 | $57,500 | $913 |
| New Franklin | 1,170 | $55,066 | $139,500 | $679 |
| Glasgow | 1,118 | $50,446 | $122,600 | $446 |
| Harrisburg | 312 | $68,906 | $206,700 | $944 |
| Boonville | 7,689 | $56,429 | $187,900 | $767 |
| Rocheport | 231 | $57,083 | $223,300 | $989 |
| Higbee | 507 | $49,531 | $56,200 | $709 |
| Windsor Place | 405 | $99,375 | $235,800 | $1,000 |
More for people moving to Fayette
Fayette ZIP code ›Weather and climate ›Living in Fayette: FAQ
What is the median household income in Fayette, MO?
The median household income in Fayette is $57,679, 18% lower than the Missouri median of $70,702 (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 $146,700, compared with $230,300 in Missouri.
How much is rent in Fayette?
The median gross rent in Fayette is $947 per month, about 26.7% of household income.
Is Fayette, MO a good place to live?
Pluses: home values 36% lower than the state median; unemployment of 2.5%. Minuses: median household income 18% lower than the Missouri median; an average commute of 27 minutes; a poverty rate of 16.9%.
What is the median age in Fayette?
The median age in Fayette is 22.8 years (Missouri: 39).
How long is the commute in Fayette?
The average commute to work in Fayette is 27 minutes; 10.8% of workers work from home.
What is the unemployment rate in Fayette?
The unemployment rate in Fayette is 2.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fayette?
34.3% 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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