Fayette, MO
Population 2,800 · Missouri
About Fayette, MO
Fayette is a small community in Missouri with a population of 2,800 residents. The median household income is $58,750 per year, which is near the national average. The median age in Fayette is 23 years.
Housing in Fayette has a median home value of $128,700 and median monthly rent of $855. Of the 998 total housing units, the majority are owner-occupied, with 485 owner-occupied and 237 renter-occupied units.
The unemployment rate in Fayette is 1.7% and the poverty rate is 15.8%. 36.6% of residents hold a bachelor's degree or higher. The average commute time is 20.8 minutes.
Cost of Living in Fayette, MO
Compared to national averages, Fayette has a median household income of $58,750 (22% below the national median of $75,149). Home values average $128,700, which is 47% below the national median. Monthly rent at $855 is 26% below the US average of $1,163. Within Missouri, Fayette's income is 4% below the state average of $61,047, and home values are 15% below the state median of $150,786.
Why Live in Fayette, MO?
Fayette offers affordable housing with a median home value of $128,700, below the US average of $244,900, and rent that’s lower than the national average at $855/month, and a strong job market with an unemployment rate of just 1.7%. Additionally, the city features a well-educated community where 36.6% of residents hold a bachelor’s degree or higher, and short commute times averaging just 20.8 minutes.
Potential considerations include median household income ($58,750) 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 2,800 with a median age of 23 years. Compare Fayette with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Fayette
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Owensville | 2,798 | $50,428 | $133,100 | Compare |
| Moline Acres | 2,806 | $55,069 | $76,500 | Compare |
| Castle Point | 2,792 | $34,679 | $57,300 | Compare |
| Montgomery City | 2,810 | $51,707 | $137,500 | Compare |
| Licking | 2,816 | $32,813 | $109,000 | Compare |
| Knob Noster | 2,824 | $60,294 | $146,700 | Compare |
| Gray Summit | 2,847 | $54,883 | $140,200 | Compare |
| Forsyth | 2,749 | $44,352 | $185,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Missouri
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Fayette
What is the population of Fayette, MO?
The population of Fayette, MO is 2,800 according to the latest Census data.
What is the median household income in Fayette?
The median household income in Fayette, MO is $58,750 per year.
What is the median home value in Fayette?
The median home value in Fayette, MO is $128,700.
What is the average rent in Fayette?
The median monthly rent in Fayette, MO is $855.
What is the unemployment rate in Fayette?
The unemployment rate in Fayette, MO is 1.7%.