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The total population of Lafayette is estimated to be 557 with 278 males (49.91%) and 279 females (50.09%). There are 1 more females than males in Lafayette.
The median household income in Lafayette was $85,009 in 2021, which marked an a decrease of 3,753(4.23%) from $88,762 in 2020. This income is 113.94% 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, Lafayette sees its highest median household income among householders in the age group of 45 to 64 years old, at $96,831. Overall, the median household income for the city of Lafayette stands at $85,009.
In Lafayette, the median income for all workers aged 15 years and older, regardless of work hours, was $43,316 for males and $35,383 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $47,386 for males and $42,525 for females.
In Lafayette, population is primarily represented by White households, reporting a median income of $85,122.
In 2022, the population of Lafayette was 480, a 1.44% decrease year-by-year from 2021. Previously, in 2021, Lafayette's population was 487, a decline of 0.81% compared to a population of 491 in 2020.
The median age in Lafayette, MN is 35.4, as per 2021 ACS 5-Year Estimates. Of the total population, 22.18% were under the age of 15, 20.65% aged 15 to 29, 42.15% aged 30 to 64, 14.51% aged 65 to 84, and 0.51% were 85 years of age and older.
Racial distribution of Lafayette population: 95.73% are White and 4.27% are multiracial.