Last updated: 2024 BLS data · Page refreshed:
Fayette has a population of 2,801 with a median age of 22.8. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 2,801 |
| Median Age | 22.8 |
| White | 78.9% |
| Black or African American | 13.2% |
| Asian | 0.7% |
| Hispanic or Latino | 2.2% |
| Other / Two or More Races | 5.0% |
The median household income in Fayette is $57,679, which is 28.4% below the national median of $80,610. The per capita income is $22,903. The poverty rate is 16.9%.
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In Fayette, 90.7% of residents age 25+ have a high school diploma or higher, and 34.3% hold a bachelor's degree or higher (15.3% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 90.7% |
| Bachelor's Degree or Higher | 34.3% |
| Graduate or Professional Degree | 15.3% |
The median home value in Fayette is $146,700, below the national median of $303,400. The median monthly rent is $947. The homeownership rate is 57.7%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $146,700 |
| Median Monthly Rent | $947 |
| Homeownership Rate | 57.7% |
| Vacancy Rate | 24.5% |
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