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The total population of Fayette is estimated to be 1,177 with 552 males (46.90%) and 625 females (53.10%). There are 73 more females than males in Fayette.
The median household income in Fayette was $45,263 in 2021, which marked an a decrease of 3,979(8.08%) from $49,242 in 2020. This income is 60.67% 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 45 to 64 years old, at $54,046. Overall, the median household income for the village of Fayette stands at $45,263.
In Fayette, the median income for all workers aged 15 years and older, regardless of work hours, was $34,107 for males and $15,980 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $50,668 for males and $38,643 for females.
In Fayette, population is primarily represented by White households, reporting a median income of $46,299.
In 2022, the population of Fayette was 1,290, a 0.62% decrease year-by-year from 2021. Previously, in 2021, Fayette's population was 1,298, a decline of 0.54% compared to a population of 1,305 in 2020.
The median age in Fayette, OH is 39.7, as per 2021 ACS 5-Year Estimates. Of the total population, 16.86% were under the age of 15, 17.52% aged 15 to 29, 48.93% aged 30 to 64, 14.06% aged 65 to 84, and 2.63% were 85 years of age and older.
Racial distribution of Fayette population: 87.50% are White, 1.23% are Asian, 4.28% are some other race and 6.99% are multiracial.