Living in Lafayette, Pennsylvania
Cost of living, income, home prices, rent and demographics of Lafayette · Census data 2020–2024
Lafayette has 1,852 residents with a median age of 39.5. The median household income is $66,700 (14% lower than the Pennsylvania median), the median home value is $122,100, the median rent is $681/month.
Lafayette at a glance
- Population
- 1,852
- Median age
- 39.5State: 40.9
- Median household income
- $66,700State: $77,971
- Median home value
- $122,100State: $254,500
- Median rent
- $681/moState: $1,209
- Homeowners
- 93.2%
- Bachelor's degree or higher
- 6.6%
- Average commute
- 31 min
Is Lafayette a good place to live?
Pros: Home values 52% lower than the state median; unemployment of 0%; a poverty rate of 10.3%.
Cons: Median household income 14% lower than the Pennsylvania median; an average commute of 31 minutes.
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 $122,100, 63% lower than the U.S. median. Renters pay a median of $681 per month, which is 23% of household income. Homeowners with a mortgage pay $1,008 a month in housing costs.
Lafayette median household income
The median household income in Lafayette is $66,700 and the income per person is $18,299. 10.3% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Lafayette: homes for sale and rent
- Housing units
- 584
- Owner-occupied
- 93.2%
- Renter-occupied
- 6.8%
- Vacant
- 34.6%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 2.04
34.6% of homes are vacant most of the year, a sign that Lafayette has many vacation and second homes.
Lafayette demographics
- Population
- 1,852
- Median age
- 39.5
- Under 18
- 6.6%
- 65 and older
- 10.5%
- Households
- 382
- Foreign-born
- 9.9%
- Veterans
- 5.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Lafayette ›
Education in Lafayette
6.6% of adults 25 and older in Lafayette have a bachelor's degree or higher (Pennsylvania: 35.2%), and 3.1% have a graduate or professional degree.
Jobs and commute in Lafayette
- Unemployment rate
- 0%State: 5.3%
- Average commute
- 31 minState: 26 min
- Work from home
- 5.4%
- Drive alone
- 83.8%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 82.7%
Lafayette vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lafayette | 1,852 | $66,700 | $122,100 | $681 |
| Lewis Run | 570 | $73,523 | $123,200 | $933 |
| Mount Jewett | 674 | $53,125 | $76,300 | $650 |
| Hamlin | 780 | $51,000 | $105,100 | $525 |
| Keating | 2,690 | $74,297 | $121,700 | $838 |
| Hamilton | 432 | $46,250 | $97,500 | — |
| Bradford | 7,683 | $56,161 | $85,600 | $800 |
| Foster | 3,956 | $70,362 | $99,200 | $890 |
| Kane | 3,537 | $52,353 | $73,600 | $841 |
More for people moving to Lafayette
Lafayette ZIP code ›Weather and climate ›Living in Lafayette: FAQ
What is the median household income in Lafayette, PA?
The median household income in Lafayette is $66,700, 14% lower than the Pennsylvania median of $77,971 (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 $122,100, compared with $254,500 in Pennsylvania.
How much is rent in Lafayette?
The median gross rent in Lafayette is $681 per month, about 23% of household income.
Is Lafayette, PA a good place to live?
Pluses: home values 52% lower than the state median; unemployment of 0%; a poverty rate of 10.3%. Minuses: median household income 14% lower than the Pennsylvania median; an average commute of 31 minutes.
What is the median age in Lafayette?
The median age in Lafayette is 39.5 years (Pennsylvania: 40.9).
How long is the commute in Lafayette?
The average commute to work in Lafayette is 31 minutes; 5.4% of workers work from home.
What is the unemployment rate in Lafayette?
The unemployment rate in Lafayette is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lafayette?
6.6% 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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