Lafayette, IN
Population 70,650 · Indiana
About Lafayette, IN
Lafayette is a mid-sized city in Indiana with a population of 70,650 residents. The median household income is $52,946 per year, which is near the national average. The median age in Lafayette is 33.7 years.
Housing in Lafayette has a median home value of $157,600 and median monthly rent of $1,039. Of the 33,911 total housing units, renting is more common than owning, with 15,246 owner-occupied and 16,797 renter-occupied units.
The unemployment rate in Lafayette is 3.3% and the poverty rate is 17.1%. 28.1% of residents hold a bachelor's degree or higher. The average commute time is 16.1 minutes.
How Lafayette Ranks in Indiana
Cost of Living in Lafayette, IN
Compared to national averages, Lafayette has a median household income of $52,946 (30% below the national median of $75,149). Home values average $157,600, which is 36% below the national median. Monthly rent at $1,039 is 11% below the US average of $1,163. Within Indiana, Lafayette's income is 24% below the state average of $69,330, and home values are 4% below the state median of $163,409.
Why Live in Lafayette, IN?
Lafayette offers affordable housing with a median home value of $157,600, below the US average of $244,900, and rent that’s lower than the national average at $1,039/month, and a strong job market with an unemployment rate of just 3.3%. Additionally, the city features short commute times averaging just 16.1 minutes.
Potential considerations include median household income ($52,946) that falls below the national average. However, as a mid-sized city, Lafayette provides access to a wide range of amenities and services.
Lafayette has a population of 70,650 with a median age of 33.7 years. Compare Lafayette with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Lafayette
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Noblesville | 71,940 | $102,319 | $321,800 | Compare |
| Gary | 68,604 | $37,380 | $85,300 | Compare |
| Muncie | 64,739 | $43,395 | $92,000 | Compare |
| Greenwood | 64,237 | $78,765 | $248,700 | Compare |
| Hammond | 77,098 | $53,950 | $141,700 | Compare |
| Bloomington | 78,791 | $48,918 | $289,700 | Compare |
| Kokomo | 59,375 | $54,195 | $126,500 | Compare |
| Terre Haute | 58,491 | $41,960 | $109,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lafayette
What is the population of Lafayette, IN?
The population of Lafayette, IN is 70,650 according to the latest Census data.
What is the median household income in Lafayette?
The median household income in Lafayette, IN is $52,946 per year.
What is the median home value in Lafayette?
The median home value in Lafayette, IN is $157,600.
What is the average rent in Lafayette?
The median monthly rent in Lafayette, IN is $1,039.
What is the unemployment rate in Lafayette?
The unemployment rate in Lafayette, IN is 3.3%.