Lake Lafayette, MO
Population 227 · Missouri
About Lake Lafayette, MO
Lake Lafayette is a small community located in Missouri with a population of 227 residents according to the latest US Census Bureau American Community Survey data. The median household income is $34,375 per year, which is 54% below the national median of $75,149. The median age of 49.8 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Lake Lafayette features a median home value of $76,600, which is 69% below the national median of $244,900. This makes Lake Lafayette one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 109 total housing units, 96% are owner-occupied (75 units) and 4% are renter-occupied (3 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake 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 39.6%, above the national average of 12.4%. Workers in Lake Lafayette have an average one-way commute time of 22.6 minutes.
Education & Demographics
6.8% of Lake 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, 0.9% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Lake Lafayette, MO
Compared to national averages, Lake Lafayette has a median household income of $34,375 (54% below the national median of $75,149). Home values average $76,600, which is 69% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Missouri, Lake Lafayette's income is 44% below the state average of $61,047, and home values are 49% below the state median of $150,786.
Why Live in Lake Lafayette, MO?
Lake Lafayette offers affordable housing with a median home value of $76,600, 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 short commute times averaging just 22.6 minutes.
Potential considerations include median household income ($34,375) that falls below the national average. However, Lake Lafayette’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Lafayette has a population of 227 with a median age of 49.8 years. Compare Lake Lafayette with other cities to see how it stacks up, or explore all cities in Missouri.
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Cities in Missouri with a similar population size.
Demographics
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Economy & Education
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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 Lake Lafayette
What is the population of Lake Lafayette, MO?
The population of Lake Lafayette, MO is 227 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Missouri.
What is the median household income in Lake Lafayette?
The median household income in Lake Lafayette, MO is $34,375 per year, which is 54% below the national median of $75,149.
What is the median home value in Lake Lafayette?
The median home value in Lake Lafayette, MO is $76,600, which is 69% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Lafayette?
The median monthly rent in Lake Lafayette, MO is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lake Lafayette?
The unemployment rate in Lake Lafayette, MO is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Lafayette, MO a good place to live?
Lake Lafayette offers a moderate cost of living, affordable housing, and a strong job market. With a population of 227 and a median age of 49.8, the city appeals to established professionals and retirees.
How educated is Lake Lafayette, MO?
6.8% of residents in Lake 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 Lake Lafayette?
Key cost-of-living indicators for Lake Lafayette, MO: median home value is $76,600 (69% below national), median rent is $0/month, and median household income is $34,375. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Lafayette?
The poverty rate in Lake Lafayette, MO is 39.6%, 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 Lake Lafayette, MO?
Lake Lafayette's population is 0.0% White, 0.9% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 5.3% two or more races. 0.0% of residents are foreign-born.