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Lafayette, Minnesota

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
484
Population
$88,750
Median Income
$155,800
Home Value
36.5
Median Age

Demographics

Lafayette has a population of 484 with a median age of 36.5. Here is the racial and ethnic breakdown of the population:

White
92.4%
Hispanic
6.6%
Black
5.0%
Demographic Value
Total Population484
Median Age36.5
White92.4%
Black or African American5.0%
Hispanic or Latino6.6%
Lafayette, Minnesota — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 104.White: 88.8%Hispanic/Latino: 6.3%Black: 4.8%484PopulationWhiteWhite88.8%Hispanic/LatinoHispanic/Latino6.3%BlackBlack4.8%

Income & Economy

The median household income in Lafayette is $88,750, which is 10.1% above the national median of $80,610. The per capita income is $35,936. The poverty rate is 3.9%.

$88,750
Median Household Income
$35,936
Per Capita Income
3.9%
Poverty Rate

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Education

In Lafayette, 94.2% of residents age 25+ have a high school diploma or higher, and 22.1% hold a bachelor's degree or higher (3.9% with a graduate or professional degree).

HS Diploma+
94.2%
Bachelor's+
22.1%
Graduate+
3.9%
Education Level % of Adults (25+)
High School Diploma or Higher94.2%
Bachelor's Degree or Higher22.1%
Graduate or Professional Degree3.9%

Housing

The median home value in Lafayette is $155,800, below the national median of $303,400. The median monthly rent is $980. The homeownership rate is 84.1%.

$155,800
Median Home Value
$980/mo
Median Rent
84.1%
Homeownership Rate
Housing Metric Value
Median Home Value$155,800
Median Monthly Rent$980
Homeownership Rate84.1%
Vacancy Rate15.0%

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Frequently Asked Questions

What is the population of Lafayette, Minnesota?
The population of Lafayette, Minnesota is 484 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Lafayette, Minnesota?
The median household income in Lafayette, Minnesota is $88,750. This is 10.1% above the national median of $80,610.
What is the median home value in Lafayette, Minnesota?
The median home value in Lafayette, Minnesota is $155,800. The median monthly rent is $980.
What percentage of people in Lafayette have a college degree?
In Lafayette, Minnesota, 22.1% of adults age 25 and older hold a bachelor's degree or higher, and 94.2% have a high school diploma or higher.
Is Lafayette, Minnesota an affordable place to live?
The home price-to-income ratio in Lafayette, Minnesota is 1.8x (median home value $155,800 vs. median income $88,750), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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