Living in Lafayette, Ohio
Cost of living, income, home prices, rent and demographics of Lafayette · Census data 2020–2024
Lafayette has 293 residents with a median age of 32.7. The median household income is $53,125 (26% lower than the Ohio median), the median home value is $121,300, the median rent is $647/month.
Lafayette is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lafayette at a glance
- Population
- 293
- Median age
- 32.7State: 39.7
- Median household income
- $53,125State: $71,389
- Median home value
- $121,300State: $214,800
- Median rent
- $647/moState: $1,034
- Homeowners
- 77.6%
- Bachelor's degree or higher
- 7.8%
- Average commute
- 20 min
Is Lafayette a good place to live?
Pros: Home values 44% lower than the state median; an average commute of 20 minutes; a poverty rate of 7.8%.
Cons: Median household income 26% lower than the Ohio median; unemployment of 12.9%.
The weather is best in June to September.
Cost of living in Lafayette
Housing is the biggest part of the cost of living. In Lafayette the median home value is $121,300, 64% lower than the U.S. median. Renters pay a median of $647 per month, which is 18% of household income. Homeowners with a mortgage pay $978 a month in housing costs.
Lafayette median household income
The median household income in Lafayette is $53,125 and the income per person is $29,202. 7.8% of residents live below the poverty line (Ohio: 13.3%).
Housing in Lafayette: homes for sale and rent
- Housing units
- 138
- Owner-occupied
- 77.6%
- Renter-occupied
- 22.4%
- Vacant
- 9.4%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.34
Lafayette demographics
- Population
- 293
- Median age
- 32.7
- Under 18
- 25.9%
- 65 and older
- 19.5%
- Households
- 125
- Foreign-born
- 0%
- Veterans
- 5.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Lafayette ›
Education in Lafayette
7.8% of adults 25 and older in Lafayette have a bachelor's degree or higher (Ohio: 31.5%), and 2.5% have a graduate or professional degree.
Jobs and commute in Lafayette
- Unemployment rate
- 12.9%State: 4.8%
- Average commute
- 20 minState: 23 min
- Work from home
- 3.7%
- Drive alone
- 85.2%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 92.8%
Lafayette vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lafayette | 293 | $53,125 | $121,300 | $647 |
| Harrod | 453 | $72,813 | $103,400 | $1,045 |
| Westminster | 526 | $118,583 | $190,100 | — |
| Beaverdam | 404 | $86,964 | $104,700 | $1,071 |
| Alger | 718 | $38,333 | $68,500 | $644 |
| Ada | 4,797 | $61,649 | $160,500 | $884 |
| Lima | 35,010 | $46,240 | $107,200 | $903 |
| Cairo | 581 | $83,125 | $114,500 | $1,023 |
| McGuffey | 384 | $51,250 | $77,900 | $775 |
More for people moving to Lafayette
Lafayette ZIP code ›Weather and climate ›Living in Lafayette: FAQ
What is the median household income in Lafayette, OH?
The median household income in Lafayette is $53,125, 26% lower than the Ohio median of $71,389 (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 $121,300, compared with $214,800 in Ohio.
How much is rent in Lafayette?
The median gross rent in Lafayette is $647 per month, about 18% of household income.
Is Lafayette, OH a good place to live?
Pluses: home values 44% lower than the state median; an average commute of 20 minutes; a poverty rate of 7.8%. Minuses: median household income 26% lower than the Ohio median; unemployment of 12.9%.
What is the median age in Lafayette?
The median age in Lafayette is 32.7 years (Ohio: 39.7).
How long is the commute in Lafayette?
The average commute to work in Lafayette is 20 minutes; 3.7% of workers work from home.
What is the unemployment rate in Lafayette?
The unemployment rate in Lafayette is 12.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lafayette?
7.8% 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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