Lafayette, MN
Full City Profile · Minnesota · Nicollet County County
Lafayette, MN
At a Glance
How Lafayette Compares to the U.S. Average
Each bar shows Lafayette's value as a percentage of the national average (100% = U.S. avg)
Is Lafayette a Good Place to Live?
Economy & Jobs
Lafayette residents earn a median household income of $95,500 , which is 27% above the national average of $75,149. Per capita income is $37,980. The unemployment rate stands at 0.0% (100% below the U.S. rate of 3.6%). 2.8% of residents live below the poverty line. The area is home to 849 business establishments, including 55 restaurants.
Housing & Cost of Living
The median home value in Lafayette is $142,700 , 49% below the national median of $281,900. Zillow estimates the typical home at $261,416. Median rent is $725/month, with 18.8% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1957.
Education
21.8% of adults in Lafayette hold a bachelor's degree or higher (35% below the national average). 97.2% have completed high school. Local schools score 6.9/10 in standardized testing.
Climate & Weather
Lafayette has an average annual temperature of 44°F (7°C). Winters average 13°F in January while summers reach 71°F in July. Annual precipitation totals 32.8 inches.