LaFayette, KY
Population 176 · Kentucky
About LaFayette, KY
LaFayette is a small community located in Kentucky with a population of 176 residents according to the latest US Census Bureau American Community Survey data. The median household income is $50,833 per year, which is 32% below the national median of $75,149. The median age of 40.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in LaFayette features a median home value of $108,300, which is 56% below the national median of $244,900. This makes LaFayette one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $950, 18% below the national average of $1,163/month. Of the 96 total housing units, 82% are owner-occupied (72 units) and 18% are renter-occupied (16 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in LaFayette shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in LaFayette have an average one-way commute time of 26.2 minutes.
Education & Demographics
11.5% of LaFayette 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, 2.8% Hispanic or Latino, 0.0% Black or African American, and 1.1% Asian residents, with 1.1% of the population being foreign-born.
Cost of Living in LaFayette, KY
Compared to national averages, LaFayette has a median household income of $50,833 (32% below the national median of $75,149). Home values average $108,300, which is 56% below the national median. Monthly rent at $950 is 18% below the US average of $1,163. Within Kentucky, LaFayette's income is 23% below the state average of $66,273, and home values are 41% below the state median of $182,504.
Why Live in LaFayette, KY?
LaFayette offers affordable housing with a median home value of $108,300, below the US average of $244,900, and rent that’s lower than the national average at $950/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 7.4%, better than the national average.
Potential considerations include median household income ($50,833) that falls below the national average. However, LaFayette’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
LaFayette has a population of 176 with a median age of 40.5 years. Compare LaFayette with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near LaFayette
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Beech Grove | 180 | $145,121 | $137,500 | Compare |
| South Carrollton | 180 | $40,192 | $115,200 | Compare |
| Slaughters | 171 | $47,500 | $57,500 | Compare |
| Berry | 184 | $66,000 | $98,100 | Compare |
| Fairfield | 187 | $88,073 | $0 | Compare |
| Smithfield | 164 | $49,688 | $165,000 | Compare |
| Manitou | 163 | $108,802 | $134,500 | Compare |
| Poole | 163 | $0 | $180,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare LaFayette With Other Cities
Frequently Asked Questions about LaFayette
What is the population of LaFayette, KY?
The population of LaFayette, KY is 176 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Kentucky.
What is the median household income in LaFayette?
The median household income in LaFayette, KY is $50,833 per year, which is 32% below the national median of $75,149.
What is the median home value in LaFayette?
The median home value in LaFayette, KY is $108,300, which is 56% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in LaFayette?
The median monthly rent in LaFayette, KY is $950, which is 18% below the national average of $1,163/month.
What is the unemployment rate in LaFayette?
The unemployment rate in LaFayette, KY is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is LaFayette, KY a good place to live?
LaFayette offers a moderate cost of living, affordable housing, and a strong job market. With a population of 176 and a median age of 40.5, the city appeals to a broad range of residents.
How educated is LaFayette, KY?
11.5% of residents in LaFayette 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 LaFayette?
Key cost-of-living indicators for LaFayette, KY: median home value is $108,300 (56% below national), median rent is $950/month, and median household income is $50,833. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in LaFayette?
The poverty rate in LaFayette, KY is 7.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is LaFayette, KY?
LaFayette's population is 0.0% White, 2.8% Hispanic or Latino, 0.0% Black or African American, 1.1% Asian, and 7.4% two or more races. 1.1% of residents are foreign-born.