Living in Lafayette, Virginia
Cost of living, income, home prices, rent and demographics of Lafayette · Census data 2020–2024
Lafayette has 628 residents with a median age of 42.7. The median household income is $34,596 (63% lower than the Virginia median).
Lafayette is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lafayette at a glance
- Population
- 628
- Median age
- 42.7State: 39
- Median household income
- $34,596State: $93,170
- Homeowners
- 92.9%
- Bachelor's degree or higher
- 10.9%
- Average commute
- 23 min
Is Lafayette a good place to live?
Pros: An average commute of 23 minutes.
Cons: Median household income 63% lower than the Virginia median; unemployment of 47.2%; a poverty rate of 34.1%.
The weather is best in June to September.
Lafayette median household income
The median household income in Lafayette is $34,596 and the income per person is $21,985. 34.1% of residents live below the poverty line (Virginia: 9.9%).
Housing in Lafayette: homes for sale and rent
- Housing units
- 319
- Owner-occupied
- 92.9%
- Renter-occupied
- 7.1%
- Vacant
- 12.2%Includes seasonal homes
- Median year built
- 1974
- Average household size
- 2.24
Lafayette demographics
- Population
- 628
- Median age
- 42.7
- Under 18
- 13.4%
- 65 and older
- 22.8%
- Households
- 280
- Foreign-born
- 5.6%
- Veterans
- 1.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Lafayette ›
Education in Lafayette
10.9% of adults 25 and older in Lafayette have a bachelor's degree or higher (Virginia: 42.2%), and 6.7% have a graduate or professional degree.
Jobs and commute in Lafayette
- Unemployment rate
- 47.2%State: 4.3%
- Average commute
- 23 minState: 27 min
- Work from home
- 26.5%
- Drive alone
- 64.1%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 97.5%
Lafayette vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lafayette | 628 | $34,596 | — | — |
| Elliston | 952 | $47,045 | $255,300 | $920 |
| Glenvar | 829 | $49,083 | $264,100 | $1,036 |
| Salem | 25,618 | $66,725 | $258,600 | $1,133 |
| Cave Spring | 25,742 | $87,539 | $325,800 | $1,285 |
| Blacksburg | 45,446 | $50,182 | $446,300 | $1,359 |
| Merrimac | 2,733 | $53,611 | — | $1,101 |
| Christiansburg | 22,720 | $77,147 | $252,600 | $1,181 |
| Roanoke | 98,355 | $55,378 | $190,500 | $996 |
More for people moving to Lafayette
Lafayette ZIP code ›Weather and climate ›Living in Lafayette: FAQ
What is the median household income in Lafayette, VA?
The median household income in Lafayette is $34,596, 63% lower than the Virginia median of $93,170 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
Is Lafayette, VA a good place to live?
Pluses: an average commute of 23 minutes. Minuses: median household income 63% lower than the Virginia median; unemployment of 47.2%; a poverty rate of 34.1%.
What is the median age in Lafayette?
The median age in Lafayette is 42.7 years (Virginia: 39).
How long is the commute in Lafayette?
The average commute to work in Lafayette is 23 minutes; 26.5% of workers work from home.
What is the unemployment rate in Lafayette?
The unemployment rate in Lafayette is 47.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lafayette?
10.9% 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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