Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 43.2 yrs |
|---|---|
| Avg HH Size | 2.61 |
| Below Poverty | 2.3% ▼ 77% below avg |
| College Grads | 39.9% ≈ Avg |
| No HS Diploma | 2 (0.3%) |
| HS Graduate | 168 (26.9%) |
| Some College | 72 (11.5%) |
| Associates | 133 (21.3%) |
| Bachelors | 88 (14.1%) |
| Graduate Degree | 161 (25.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $97,344 ▲ 28% above avg |
|---|---|
| Median Home Value | $200,400 ▼ 28% below avg |
| Home/Income Ratio | 2.1x (nat avg ~3.5x) |
| Median Rent | $840/mo |
| Total Housing Units | 377 |
| Vacant Units | 46 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Lafayette is a city in Minnesota, located in Nicollet County. The city spans 1 ZIP code and is home to approximately 865 residents. It is a middle-aged city, with a median age of 43.2 years.
Economically, Lafayette is a middle-income community. The median household income of $97,344 is above the national average. Approximately 2.3% of residents live below the poverty line.
The real estate market in Lafayette is an affordable housing market. Median home values stand at $200,400, which is below the national average. Renters typically pay around $840 per month. Homeownership is high at 92.2%, typical of suburban and family-oriented communities.
The population of Lafayette is moderately educated. 39.9% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (96.88%).
Lafayette, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56054 | 865 | $97,344 | $200,400 | $840 | 0.0% | 39.9% | 92.2% |