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
Compare with nearby places
Places of similar size in Minnesota.
- St. Marys Point city 484
- Floodwood city 482
- Verndale city 479
- Racine city 476
- Jenkins city 472
- Ellsworth city 471
- Newfolden city 468
Keep going
More Minnesota coverage.