At a Glance
Median Income
$39,297
$23,346 per capita
Home Value
$123,300
Zillow: $175,265
Median Rent
$963/mo
51.0% of income on rent
Bachelor's Degree+
28.5%
92.4% high school+
Unemployment
6.8%
15.8% poverty rate
Obesity Rate
39.6%
18.2% smoking rate
How Fayette Compares to the U.S. Average
Each bar shows Fayette's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Fayette a Good Place to Live?
B+
3.6 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Fayette residents earn a median household income of $39,297 , which is 48% below the national average of $75,149.
Per capita income is $23,346. The unemployment rate stands at 6.8% (89% above the U.S. rate of 3.6%). 15.8% of residents live below the poverty line. The area is home to 680 business establishments, including 41 restaurants.
Housing & Cost of Living
The median home value in Fayette is $123,300 , 56% below the national median of $281,900.
Zillow estimates the typical home at $175,265. Median rent is $963/month, with 51.0% of renters spending more than 30% of income on housing. The cost of living index is 87.8 (100 = national average). The median home was built in 1942.
Education
28.5% of adults in Fayette hold a bachelor's degree or higher
(15% below the national average).
92.4% have completed high school. Local schools score 5.7/10 in standardized testing.
Climate & Weather
Fayette has an average annual temperature of 45°F (7°C).
Winters average 15°F in January while summers reach 71°F in July. Annual precipitation totals 39.5 inches.
Data Overview
People
Population1,242
Median Age28.3 yrs
Density828/mi²
Male / Female56% / 44%
Foreign Born15.4%
Veterans5.2%
Economy
C+
Median Income$39,297
Per Capita$23,346
Unemployment6.8%
Poverty15.8%
County GDP$1,075M
Avg Weekly Wage$939
Housing
A+
Home Value$123,300
Rent$963
Ownership47.4%
Zillow$175,265
Housing Units507
Rent Burden51.0%
Health
Obesity39.6%
Diabetes10.5%
Smoking18.2%
Heart Disease5.9%
Premature Death8,298/100K
Climate
Avg Temp45°F
Rain39.5 in/yr
Elevation1,003 ft
Education
B
Bachelor's+28.5%
High School+92.4%
Graduate+10.6%
School Score5.7/10
Community
2024 VoteR 64% / D 34%
Commute15 min
Broadband90.3%
Internet Speed90 Mbps
EV Stations1
Libraries11
Did You Know?
The median home in Fayette was built in 1942.
The nearest airport is Waterloo Regional (36 miles).
The Gini coefficient (income inequality) is 0.448 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
12.0% of the population has a disability.
15.4% of residents are foreign-born.
The county recorded 1 fatal vehicle crashes.