Lafayette, MN population, income and ZIP codes

Lafayette city is a very small community in Minnesota, with 478 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #513 of 914 ranked by population — larger than 43% of them. The median age here is 42.1 years against 39.1 nationally, a slightly older profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Lafayette city earn a median of $95,500 a year, 21.6% above the national figure of $78,538 and 27% above the $75,469 median for the 361 Minnesota cities we cover. This figure covers the household, not the worker: two people on ordinary wages at one address outrank a single professional in the same table. Poverty reaches 2.7% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in Lafayette city is valued at $142,700, 53% below the national figure and 41% below the $240,400 peer median, while median gross rent runs $725 a month, 48.4% below the national figure, or roughly $8,700 across a full year. A household on the local median income would put about 9.1% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 1.5×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 91.3% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

With 478 residents, a handful of survey responses moves every median on this page. Compare Lafayette city against its county rather than against national figures.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.