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Fayette, Mississippi

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
1,691
Population
$28,567
Median Income
$95,000
Home Value
33.7
Median Age

Demographics

Fayette has a population of 1,691 with a median age of 33.7. Here is the racial and ethnic breakdown of the population:

Black
100.0%
Demographic Value
Total Population1,691
Median Age33.7
Black or African American100.0%
Fayette, Mississippi — racial composition (Census ACS 2024)Donut chart of 1 segments totaling 100.Black: 100.0%1,691PopulationBlackBlack100.0%

Income & Economy

The median household income in Fayette is $28,567, which is 64.6% below the national median of $80,610. The per capita income is $21,990. The poverty rate is 38.0%.

$28,567
Median Household Income
$21,990
Per Capita Income
38.0%
Poverty Rate

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Education

In Fayette, 85.7% of residents age 25+ have a high school diploma or higher, and 8.3% hold a bachelor's degree or higher (4.3% with a graduate or professional degree).

HS Diploma+
85.7%
Bachelor's+
8.3%
Graduate+
4.3%
Education Level % of Adults (25+)
High School Diploma or Higher85.7%
Bachelor's Degree or Higher8.3%
Graduate or Professional Degree4.3%

Housing

The median home value in Fayette is $95,000, below the national median of $303,400. The median monthly rent is $425. The homeownership rate is 59.2%.

$95,000
Median Home Value
$425/mo
Median Rent
59.2%
Homeownership Rate
Housing Metric Value
Median Home Value$95,000
Median Monthly Rent$425
Homeownership Rate59.2%
Vacancy Rate19.5%

Salaries in Mississippi

Explore salary data for popular occupations in Mississippi:

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Other Cities in Mississippi

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Frequently Asked Questions

What is the population of Fayette, Mississippi?
The population of Fayette, Mississippi is 1,691 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Fayette, Mississippi?
The median household income in Fayette, Mississippi is $28,567. This is 64.6% below the national median of $80,610.
What is the median home value in Fayette, Mississippi?
The median home value in Fayette, Mississippi is $95,000. The median monthly rent is $425.
What percentage of people in Fayette have a college degree?
In Fayette, Mississippi, 8.3% of adults age 25 and older hold a bachelor's degree or higher, and 85.7% have a high school diploma or higher.
Is Fayette, Mississippi an affordable place to live?
The home price-to-income ratio in Fayette, Mississippi is 3.3x (median home value $95,000 vs. median income $28,567), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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