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The total population of Fayette is estimated to be 1,640 with 650 males (39.63%) and 990 females (60.37%). There are 340 more females than males in Fayette.
The median household income in Fayette was $24,687 in 2021, which marked an an increase of 1,304(5.58%) from $23,383 in 2020. This income is 33.09% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Fayette sees its highest median household income among householders in the age group of 65 years and over old, at $30,081. Overall, the median household income for the city of Fayette stands at $24,687.
In Fayette, the median income for all workers aged 15 years and older, regardless of work hours, was $22,632 for males and $17,728 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $30,401 for males and $35,468 for females.
In Fayette, population is primarily represented by Black or African American households, reporting a median income of $24,610.
In 2022, the population of Fayette was 1,390, a 1.70% decrease year-by-year from 2021. Previously, in 2021, Fayette's population was 1,414, a decline of 1.94% compared to a population of 1,442 in 2020.
The median age in Fayette, MS is 26.1, as per 2021 ACS 5-Year Estimates. Of the total population, 29.63% were under the age of 15, 23.14% aged 15 to 29, 36.18% aged 30 to 64, 10.23% aged 65 to 84, and 0.81% were 85 years of age and older.
Racial distribution of Fayette population: 99.25% are Black or African American and 0.75% are American Indian and Alaska Native.