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ZipNumbers

Minnesota · Census place 33920

Lafayette city, MN

Quick answer

Lafayette city has 478 residents, ranking #513 of 914 places in Minnesota. Median household income is $95,500, the median home is worth $142,700 and median gross rent runs $725 a month.

Population
478Lafayette city residents
Median household income
$95,500Past 12 months, inflation adjusted
Median home value
$142,700Owner-occupied units
Median gross rent
$725Rent plus utilities, monthly
Median age
42.1 yrsAll residents
Homeownership rate
91.3%Owner-occupied households

What the numbers mean in Lafayette city

Housing cost measured against local earnings.

A household earning the Lafayette city median would spend about 9.1% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 2.7% of residents and 91.3% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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