Lafayette, MN demographics:
population, income, and more

Total population
484
1.3% year-over-year change
Median household income
$88,750/yr
-7.1% year-over-year change
Housing units
207
-1.9% year-over-year change

Lafayette population

How many people live in Lafayette

Lafayette is home to 484 residents, according to the most recent Census data. Gender-wise, 54.1% of Lafayette locals are male, and 45.9% are female.

Total population
484
1.3% year-over-year change
Gender ratio
Male
54.1%
262
Female
45.9%
222
Value Percent YoY change
Male 262 54.1% 4.0%
Female 222 45.9% -1.8%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Lafayette is 36, with the population distributed as follows: about 18.6% are children under 15, then 13.2% are in the 15 to 24 age group. Adults between 25 and 44 make up 26.6% of the population, while another 25% fall into the 45 to 64 bracket. Finally, around 16.5% are 65 or older.

Median age
36.5
Age breakdown
Under 15
18.6%
15 to 24
13.2%
25 to 44
26.6%
45 to 64
25%
Over 65
16.5%
Value Percent YoY change
Under 15 90 18.6% 32.4%
15 to 24 64 13.2% 14.3%
25 to 44 129 26.6% -3.0%
45 to 64 121 25% -4.7%
Over 65 80 16.5% -14.9%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Lafayette, 99.6% of the population are US-born citizens, while 0.4% have gained naturalized citizenship. There’s also a share of 1.9% that includes residents with two or more races.

Citizenship
U.S.-born citizens
99.6%
Non-U.S.-born citizens
0.4%
Non-citizens
0%
Value Percent YoY change
U.S.-born citizens 482 99.6% 1.7%
Non-U.S.-born citizens 2 0.4% -50.0%
Racial breakdown
White
92.4%
Black or African American
5%
American Indian and Alaska Native
0%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
1.9%
Other
0.8%
Value Percent
White 447 92.4%
Black or African American 24 5%
Two or more races 9 1.9%
Other 4 0.8%

Households in Lafayette

A peek inside Lafayette households

Lafayette has 176 households, with an average of 3 members in each. Of these, 65.9% are families, while the remaining 34.1% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
176
2.3% year-over-year change
Average people per household
3
Non-family households
60
Family households
116
Value Percent YoY change
Non-family households 60 34.1% -6.2%
Family households 116 65.9% 7.4%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Lafayette

The housing landscape of Lafayette

Lafayette's housing consists of 207 units, with 85% being detached single-family homes ideal for those wanting space. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 4.4% of the housing landscape.

Housing units
207
-1.9% year-over-year change
Housing types
Value Percent
1 unit, detached 176 85%
2 units 4 1.9%
3 or 4 units 5 2.4%
5 to 9 units 3 1.4%
10 to 19 units 9 4.4%
50 or more units 1 0.5%
Mobile home 9 4.4%
Homes built since 2020
0
% year-over-year change

The age of buildings in Lafayette

In Lafayette, the median construction year is 1951. About 42% of homes were built before the 1940s, with another 6.3% going up by 1949. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 87 42% 0.0%
Built between 1940 and 1949 13 6.3% -7.1%
Built between 1950 and 1959 27 13% -15.6%
Built between 1960 and 1969 21 10.1% -16.0%
Built between 1970 and 1979 30 14.5% 66.7%
Built between 1980 and 1989 7 3.4% -12.5%
Built between 1990 and 1999 5 2.4% -16.7%
Built between 2000 and 2009 13 6.3% -23.5%
Built between 2010 and 2019 4 1.9% 0.0%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Lafayette occupancy rates

Out of the 176 occupied housing units in Lafayette, 84.1% are owner-occupied, while 15.9% are lived in by tenants. Meanwhile, 15% of all homes on the local market sit vacant.

Occupied housing units
176
2.3% year-over-year change
Occupancy breakdown
Renter occupied
28
Owner occupied
148
Value Percent YoY
change
Renter occupied 28 15.9% 86.7%
Owner occupied 148 84.1% -5.7%
Unoccupied housing units
15.0%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Lafayette housing costs

Housing costs in Lafayette come to a median of $1,202 per month, while tenants specifically pay a median gross rent of $980.

Median housing costs per month
$1,202/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Lafayette
$980/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Lafayette

Lafayette education at a glance

About 42.1% of the population in Lafayette went to high school, while 24.4% pursued college studies. Another 12.6% earned an associate degree and 16.9% hold a bachelor’s. Meanwhile, 3.5% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 2 0.5% 0.0%
High school diploma 157 42.1% -3.7%
College diploma 91 24.4% -18.8%
Associate degree 47 12.6% 14.6%
Bachelor's degree 63 16.9% -14.9%
Graduate degree 13 3.5% 85.7%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Lafayette

How much people earn in Lafayette

The average annual household income in Lafayette was $92,687 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a -6.8% change from the previous year. At the same time, the median income stood at $88,750, reflecting a -7.1% shift over the same period.

Average household income in Lafayette
$92,687/year
-6.8% year-over-year change
Median household income in Lafayette
$88,750/year
-7.1% year-over-year change

Lafayette income by age

In Lafayette, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $118,125. Those with someone between 45 and 64 in charge, often well established professionally, earn $97,083 overall. Overall, 96.6% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $118,125 -7.8%
45 - 64 $97,083 -2.2%
Over 65 $59,375 5.6%
Above poverty level
458
Below poverty level
16
Value Percent YoY
change
Above poverty level 458 96.6% -0.2%
Below poverty level 16 3.4% 60.0%

Average renter income in Lafayette

To get a better sense of what renters earn on average in Lafayette, their median household income was $52,857 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 22.2%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$52,857
Rent-to-income ratio
22.2%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Lafayette

Workforce and job types in Lafayette

The job market in Lafayette is powered by 284 working residents, spread across a range of industries and roles. 51.4% of the working population are employed in professional or administrative positions, while 48.6% are in hands-on or service-based jobs. Also, 5.6% run their own businesses, 70.8% are employed by private companies, and 5.6% work in the public sector.

Workforce demographics

Working population
284
-5.0% year-over-year change
White collar
146
Blue collar
138
Value Percent YoY change
White collar 146 51.4% -5.8%
Blue collar 138 48.6% -4.2%
Employer type
Self employees
5.6%
Private companies
70.8%
Governmental workers
5.6%
Not for profit companies
18%
Value Percent YoY change
Self employees 16 5.6% -36.0%
Private companies 201 70.8% -3.4%
Governmental workers 16 5.6% 23.1%
Not for profit companies 51 18% -3.8%

Transportation in Lafayette

How people get around in Lafayette

Commuting methods vary: 95.1% of residents travel by personal vehicle and 0.4% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 270 95.1% -6.2%
Walk 1 0.4% 0.0%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Lafayette by zipcode?

Zipcode Population Number of households Median income Average income
56054 853 328 $93,214 $106,629

Explore more communities

FAQs about Lafayette demographics 

What is the total population of Lafayette?

Lafayette has a total population of 484 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +1.3% compared to a year ago.

What is the gender ratio in Lafayette?

The gender ratio in Lafayette is as follows:
  • 54.1% males (262 residents)
  • 45.9% females (222 residents)

What is the median age in Lafayette?

The median age in Lafayette is 36.5.

What is the age distribution of the population in Lafayette?

The age distribution in Lafayette is as follows:
  • Under 15: 18.6% (90 residents)
  • Ages 15-24: 13.2% (64 residents)
  • Ages 25-44: 26.6% (129 residents)
  • Ages 45-64: 25% (121 residents)
  • Over 65: 16.5% (80 residents)

What is the racial and ethnic makeup of Lafayette?

The racial and ethnic makeup of Lafayette is as follows:
  • White: 92.4% (447 residents)
  • Black or African American: 5% (24 residents)
  • American Indian and Alaska Native: 0% (0 residents)
  • Asian: 0% (0 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 1.9% (9 residents)
  • Other: 0.8% (4 residents)

What percentage of the population in Lafayette are U.S.-born citizens?

U.S.-born citizens represent 99.6% of the population in Lafayette.

How many housing units are there in Lafayette?

There are 207 housing units in Lafayette, reflecting a -1.9% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Lafayette and what is the average household size?

Lafayette has a total of 176 households, with an average of 3 people in each.

What is the median household income in Lafayette?

Lafayette has a median household income of $88,750, representing a -7.1% shift from the previous year, according to the U.S. Census Bureau.

What is the job market overview for Lafayette?

Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 51.4% (146 residents)
  • Blue-collar workers: 48.6% (138 residents)

Places of employment:
  • Self-employed: 5.6% (16 residents)
  • Private companies: 70.8% (201 residents)
  • Governmental workers: 5.6% (16 residents)
  • Not-for-profit companies: 18% (51 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025