Fayette, MS
Population 1,602 · Mississippi
About Fayette, MS
Fayette is a small town located in Mississippi with a population of 1,602 residents according to the latest US Census Bureau American Community Survey data. The median household income is $25,383 per year, which is 66% below the national median of $75,149. The median age of 35.2 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Fayette features a median home value of $73,800, which is 70% below the national median of $244,900. This makes Fayette one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $416, 64% below the national average of $1,163/month. Of the 673 total housing units, 50% are owner-occupied (251 units) and 50% are renter-occupied (248 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Fayette shows an unemployment rate of 0.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 37.5%, above the national average of 12.4%. Workers in Fayette have an average one-way commute time of 17 minutes, one of the shorter commutes in the region.
Education & Demographics
14.5% of 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 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Fayette Ranks in Mississippi
Cost of Living in Fayette, MS
Compared to national averages, Fayette has a median household income of $25,383 (66% below the national median of $75,149). Home values average $73,800, which is 70% below the national median. Monthly rent at $416 is 64% below the US average of $1,163. Within Mississippi, Fayette's income is 49% below the state average of $49,929, and home values are 41% below the state median of $125,705.
Why Live in Fayette, MS?
Fayette offers affordable housing with a median home value of $73,800, below the US average of $244,900, and rent that’s lower than the national average at $416/month, and a strong job market with an unemployment rate of just 0.2%. Additionally, the city features short commute times averaging just 17 minutes.
Potential considerations include median household income ($25,383) that falls below the national average. However, Fayette’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Fayette has a population of 1,602 with a median age of 35.2 years. Compare Fayette with other cities to see how it stacks up, or explore all cities in Mississippi.
Similar Cities Near Fayette
Cities in Mississippi with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Shaw | 1,586 | $23,913 | $84,200 | Compare |
| Ecru | 1,566 | $68,500 | $200,900 | Compare |
| Pelahatchie | 1,648 | $52,957 | $183,300 | Compare |
| Rawls Springs | 1,554 | $49,573 | $101,200 | Compare |
| Belzoni | 1,664 | $45,000 | $103,400 | Compare |
| Mound Bayou | 1,526 | $23,194 | $63,100 | Compare |
| Glendale | 1,519 | $55,438 | $113,700 | Compare |
| Lumberton | 1,515 | $40,050 | $78,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Mississippi
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Fayette With Other Cities
Frequently Asked Questions about Fayette
What is the population of Fayette, MS?
The population of Fayette, MS is 1,602 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Mississippi.
What is the median household income in Fayette?
The median household income in Fayette, MS is $25,383 per year, which is 66% below the national median of $75,149.
What is the median home value in Fayette?
The median home value in Fayette, MS is $73,800, which is 70% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Fayette?
The median monthly rent in Fayette, MS is $416, which is 64% below the national average of $1,163/month.
What is the unemployment rate in Fayette?
The unemployment rate in Fayette, MS is 0.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Fayette, MS a good place to live?
Fayette offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,602 and a median age of 35.2, the city appeals to a broad range of residents.
How educated is Fayette, MS?
14.5% of residents in 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 Fayette?
Key cost-of-living indicators for Fayette, MS: median home value is $73,800 (70% below national), median rent is $416/month, and median household income is $25,383. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Fayette?
The poverty rate in Fayette, MS is 37.5%, 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 Fayette, MS?
Fayette's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 100.0% two or more races. 0.0% of residents are foreign-born.