Living in Lafayette, Tennessee
Cost of living, income, home prices, rent and demographics of Lafayette · Census data 2020–2024
Lafayette has 5,727 residents with a median age of 32.3. The median household income is $51,736 (26% lower than the Tennessee median), the median home value is $213,900, the median rent is $896/month.
Lafayette at a glance
- Population
- 5,727
- Median age
- 32.3State: 38.9
- Median household income
- $51,736State: $69,595
- Median home value
- $213,900State: $286,700
- Median rent
- $896/moState: $1,189
- Homeowners
- 48.5%
- Bachelor's degree or higher
- 11.8%
- Average commute
- 28 min
Is Lafayette a good place to live?
Pros: Home values 25% lower than the state median.
Cons: Median household income 26% lower than the Tennessee median; an average commute of 28 minutes; unemployment of 5.4%; a poverty rate of 27.6%.
The weather is best in April–May 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 $213,900, 36% lower than the U.S. median. Renters pay a median of $896 per month, which is 27.2% of household income. Homeowners with a mortgage pay $1,274 a month in housing costs.
Lafayette median household income
The median household income in Lafayette is $51,736 and the income per person is $19,907. 27.6% of residents live below the poverty line (Tennessee: 13.8%).
Housing in Lafayette: homes for sale and rent
- Housing units
- 2,151
- Owner-occupied
- 48.5%
- Renter-occupied
- 51.5%
- Vacant
- 9.8%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 2.86
Lafayette demographics
- Population
- 5,727
- Median age
- 32.3
- Under 18
- 29.8%
- 65 and older
- 12.3%
- Households
- 1,941
- Foreign-born
- 2.5%
- Veterans
- 4.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Lafayette ›
Education in Lafayette
11.8% of adults 25 and older in Lafayette have a bachelor's degree or higher (Tennessee: 31.1%), and 1.9% have a graduate or professional degree.
Jobs and commute in Lafayette
- Unemployment rate
- 5.4%State: 4.7%
- Average commute
- 28 minState: 26 min
- Work from home
- 1.5%
- Drive alone
- 80.8%
- Public transit
- 0%
- Walk to work
- 2.1%
- Homes with broadband
- 80.9%
Lafayette vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lafayette | 5,727 | $51,736 | $213,900 | $896 |
| Red Boiling Springs | 1,262 | $40,221 | $194,400 | $784 |
| Hartsville/Trousdale County | 11,957 | $72,747 | $337,600 | $853 |
| Westmoreland | 2,845 | $59,405 | $241,700 | $1,030 |
| Fountain Run | 255 | $80,045 | $121,200 | $608 |
| Gamaliel | 352 | $49,375 | $87,700 | $535 |
| Bethpage | 289 | $100,859 | $218,600 | $723 |
| Castalian Springs | 678 | $57,917 | $283,100 | — |
| Scottsville | 4,427 | $35,562 | $160,700 | $784 |
More for people moving to Lafayette
Lafayette ZIP code ›Weather and climate ›Living in Lafayette: FAQ
What is the median household income in Lafayette, TN?
The median household income in Lafayette is $51,736, 26% lower than the Tennessee median of $69,595 (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 $213,900, compared with $286,700 in Tennessee.
How much is rent in Lafayette?
The median gross rent in Lafayette is $896 per month, about 27.2% of household income.
Is Lafayette, TN a good place to live?
Pluses: home values 25% lower than the state median. Minuses: median household income 26% lower than the Tennessee median; an average commute of 28 minutes; unemployment of 5.4%; a poverty rate of 27.6%.
What is the median age in Lafayette?
The median age in Lafayette is 32.3 years (Tennessee: 38.9).
How long is the commute in Lafayette?
The average commute to work in Lafayette is 28 minutes; 1.5% of workers work from home.
What is the unemployment rate in Lafayette?
The unemployment rate in Lafayette is 5.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lafayette?
11.8% 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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