La Fayette, IL
Population 148 · Illinois
About La Fayette, IL
La Fayette is a small community in Illinois with a population of 148 residents. The median household income is $49,519 per year, which is below the national average. The median age in La Fayette is 50.6 years.
Housing in La Fayette has a median home value of $51,000 and median monthly rent of $0. Of the 110 total housing units, the majority are owner-occupied, with 91 owner-occupied and 4 renter-occupied units.
The unemployment rate in La Fayette is 0.0% and the poverty rate is 9.5%. 3.9% of residents hold a bachelor's degree or higher. The average commute time is 26.3 minutes.
How La Fayette Ranks in Illinois
Cost of Living in La Fayette, IL
Compared to national averages, La Fayette has a median household income of $49,519 (34% below the national median of $75,149). Home values average $51,000, which is 79% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, La Fayette's income is 34% below the state average of $75,072, and home values are 69% below the state median of $165,779.
Why Live in La Fayette, IL?
La Fayette offers affordable housing with a median home value of $51,000, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 9.5%, better than the national average.
Potential considerations include median household income ($49,519) 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 148 with a median age of 50.6 years. Compare La Fayette with other cities to see how it stacks up, or explore all cities in Illinois.
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Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about La Fayette
What is the population of La Fayette, IL?
The population of La Fayette, IL is 148 according to the latest Census data.
What is the median household income in La Fayette?
The median household income in La Fayette, IL is $49,519 per year.
What is the median home value in La Fayette?
The median home value in La Fayette, IL is $51,000.
What is the average rent in La Fayette?
The median monthly rent in La Fayette, IL is $0.
What is the unemployment rate in La Fayette?
The unemployment rate in La Fayette, IL is 0.0%.