La Fayette village, Illinois Demographics & Population 2026

Population Overview

La Fayette village is a small community located in Illinois. The total population is 148. It ranks as the 1275th most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in La Fayette village is 50.6 years. This is 30% higher than the state median of 38.9 years. Only 10.8% of residents are under 18, indicating fewer families with children. 16.2% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in La Fayette village is $49,519. This is 39% lower than the state median of $81,702. Compared to the national median of $78,538, household income here is 37% lower. The poverty rate stands at 9.5%. This is 19% lower than the state poverty rate of 11.7%. The unemployment rate is 0.0%. This is 100% lower than the state rate of 5.8%. The median home value is $51,000. Housing costs are 80% lower than the state median of $250,500. With a home-value-to-income ratio of just 1.0x, La Fayette village is one of the most affordable housing markets in the area. 95.8% of occupied housing units are owner-occupied. This homeownership rate is 43% higher than the state average of 66.8%.

Race & Ethnicity

The largest racial or ethnic group in La Fayette village is White (non-Hispanic), making up 78.4% of the population. Hispanic or Latino residents account for 4.7%. The Black or African American population (1.4%) is well below the state average of 13.6%. The Hispanic or Latino population (4.7%) is well below the state average of 18.5%.

Education

3.9% of residents aged 25 and older hold a bachelor's degree or higher. This is among the lowest rates in the state, which may correlate with employment and income patterns. This is 90% lower than the state rate of 37.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.3%.

Data Sources & Methodology

All demographic data for La Fayette village, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. For official data, visit data.census.gov.