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Lafayette, Louisiana

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
121,715
Population
$61,915
Median Income
$257,000
Home Value
36.9
Median Age

Demographics

Lafayette has a population of 121,715 with a median age of 36.9. Here is the racial and ethnic breakdown of the population:

White
57.1%
Black
29.1%
Hispanic
8.1%
Other
3.5%
Asian
2.2%
Demographic Value
Total Population121,715
Median Age36.9
White57.1%
Black or African American29.1%
Asian2.2%
Hispanic or Latino8.1%
Other / Two or More Races3.5%
Lafayette, Louisiana — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 57.1%Black: 29.1%Hispanic/Latino: 8.1%Other: 3.5%Asian: 2.2%121,715PopulationWhiteWhite57.1%BlackBlack29.1%Hispanic/LatinoHispanic/Latino8.1%OtherOther3.5%AsianAsian2.2%

Income & Economy

The median household income in Lafayette is $61,915, which is 23.2% below the national median of $80,610. The per capita income is $40,517. The poverty rate is 18.3%.

$61,915
Median Household Income
$40,517
Per Capita Income
18.3%
Poverty Rate

Employment

The unemployment rate in Lafayette is 3.8%, compared to the national rate of 4.1%.

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Education

In Lafayette, 90.9% of residents age 25+ have a high school diploma or higher, and 41.1% hold a bachelor's degree or higher (13.9% with a graduate or professional degree).

HS Diploma+
90.9%
Bachelor's+
41.1%
Graduate+
13.9%
Education Level % of Adults (25+)
High School Diploma or Higher90.9%
Bachelor's Degree or Higher41.1%
Graduate or Professional Degree13.9%

Housing

The median home value in Lafayette is $257,000, below the national median of $303,400. The median monthly rent is $1,100. The homeownership rate is 53.1%.

$257,000
Median Home Value
$1,100/mo
Median Rent
53.1%
Homeownership Rate
Housing Metric Value
Median Home Value$257,000
Median Monthly Rent$1,100
Homeownership Rate53.1%
Vacancy Rate10.8%

Salaries in Louisiana

Explore salary data for popular occupations in Louisiana:

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Other Cities in Louisiana

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Frequently Asked Questions

What is the population of Lafayette, Louisiana?
The population of Lafayette, Louisiana is 121,715 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Lafayette, Louisiana?
The median household income in Lafayette, Louisiana is $61,915. This is 23.2% below the national median of $80,610.
What is the median home value in Lafayette, Louisiana?
The median home value in Lafayette, Louisiana is $257,000. The median monthly rent is $1,100.
What percentage of people in Lafayette have a college degree?
In Lafayette, Louisiana, 41.1% of adults age 25 and older hold a bachelor's degree or higher, and 90.9% have a high school diploma or higher.
Is Lafayette, Louisiana an affordable place to live?
The home price-to-income ratio in Lafayette, Louisiana is 4.2x (median home value $257,000 vs. median income $61,915), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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