La Fayette, AL
Population 2,665 · Alabama
About La Fayette, AL
La Fayette is a small town located in Alabama with a population of 2,665 residents according to the latest US Census Bureau American Community Survey data. The median household income is $32,999 per year, which is 56% below the national median of $75,149. The median age of 51.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in La Fayette features a median home value of $101,300, which is 59% below the national median of $244,900. This makes La Fayette one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $540, 54% below the national average of $1,163/month. Of the 1,323 total housing units, 65% are owner-occupied (730 units) and 35% are renter-occupied (397 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in La Fayette shows an unemployment rate of 4.2%, which is near the national rate of 3.7%. The poverty rate stands at 26.7%, above the national average of 12.4%. Workers in La Fayette have an average one-way commute time of 26.3 minutes.
Education & Demographics
11.3% of La Fayette residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.6% Asian residents, with 0.3% of the population being foreign-born.
How La Fayette Ranks in Alabama
Cost of Living in La Fayette, AL
Compared to national averages, La Fayette has a median household income of $32,999 (56% below the national median of $75,149). Home values average $101,300, which is 59% below the national median. Monthly rent at $540 is 54% below the US average of $1,163. Within Alabama, La Fayette's income is 43% below the state average of $57,952, and home values are 36% below the state median of $159,358.
Why Live in La Fayette, AL?
La Fayette offers affordable housing with a median home value of $101,300, below the US average of $244,900, and rent that’s lower than the national average at $540/month.
Potential considerations include median household income ($32,999) that falls below the national average. However, La Fayette’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
La Fayette has a population of 2,665 with a median age of 51.3 years. Compare La Fayette with other cities to see how it stacks up, or explore all cities in Alabama.
Similar Cities Near La Fayette
Cities in Alabama with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hartford | 2,677 | $54,286 | $151,400 | Compare |
| Owens Cross Roads | 2,678 | $73,708 | $206,100 | Compare |
| Indian Springs Village | 2,637 | $138,250 | $546,000 | Compare |
| Lineville | 2,636 | $37,396 | $146,300 | Compare |
| Deatsville | 2,618 | $112,176 | $235,900 | Compare |
| Dora | 2,617 | $61,276 | $150,100 | Compare |
| Luverne | 2,713 | $51,537 | $124,700 | Compare |
| Stapleton | 2,606 | $127,535 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Alabama
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare La Fayette With Other Cities
Frequently Asked Questions about La Fayette
What is the population of La Fayette, AL?
The population of La Fayette, AL is 2,665 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Alabama.
What is the median household income in La Fayette?
The median household income in La Fayette, AL is $32,999 per year, which is 56% below the national median of $75,149.
What is the median home value in La Fayette?
The median home value in La Fayette, AL is $101,300, which is 59% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in La Fayette?
The median monthly rent in La Fayette, AL is $540, which is 54% below the national average of $1,163/month.
What is the unemployment rate in La Fayette?
The unemployment rate in La Fayette, AL is 4.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is La Fayette, AL a good place to live?
La Fayette offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,665 and a median age of 51.3, the city appeals to established professionals and retirees.
How educated is La Fayette, AL?
11.3% of residents in La Fayette aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in La Fayette?
Key cost-of-living indicators for La Fayette, AL: median home value is $101,300 (59% below national), median rent is $540/month, and median household income is $32,999. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in La Fayette?
The poverty rate in La Fayette, AL is 26.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is La Fayette, AL?
La Fayette's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.6% Asian, and 65.6% two or more races. 0.3% of residents are foreign-born.