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Fayette County, Indiana Demographics 2026

Fayette County, Indiana has a population of 23,390, the 65th most populous county in Indiana. The median household income is $56,659 and the median home value is $114,800. The poverty rate is 16.7%.

Fayette County Quick Facts

Population 23,390
Median Household Income $56,659
Median Home Value $114,800
Poverty Rate 16.7%
Unemployment Rate 4.1%
Median Age 43.9 years
Homeownership Rate 70.6%
Affordability Ratio 2.0x
Bachelor's Degree+ 16.4%
High School Graduation 85.9%
Cities/Places 1
Population 23,390 65th of 92
Median Income $56,659 19% lower state
Poverty Rate 16.7%
Unemployment 4.1%

Economy & Housing

Employment

4.1% Unemployment Rate State: 4.3% | National: 5.2%
57.0% Labor Force Participation

Housing Overview

Owner 70.6%
Renter 29.4%
Affordability Index Very Affordable
2.0x home value to income ratio

People & Demographics

Diversity Index

12out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 40 | National average: 60

Education

Cities & Places in Fayette County

CityPopulationMedian IncomePovertyHome Value
Waterloo town2,180$61,37516.4%$108,600

Population Overview

Fayette County is located in Indiana with a total population of 23,390. It is the 65th most populous county out of 92 in Indiana. The county encompasses 1 Census-designated place.

Age Demographics

The median age in Fayette County is 43.9 years. This is 16% higher than the state median of 38.0 years.

Economy, Income & Housing

The median household income in Fayette County is $56,659. This is 19% lower than the state median of $70,051. Compared to the national median of $78,538, household income here is 28% lower. The poverty rate stands at 16.7%. This is 37% higher than the state poverty rate of 12.2%. The unemployment rate is 4.1%. This is 4% lower than the state rate of 4.3%. The median home value is $114,800. Housing costs are 43% lower than the state median of $201,600. With a home-value-to-income ratio of just 2.0x, Fayette County is one of the most affordable housing markets in the area. 70.6% of occupied housing units are owner-occupied.

Race & Ethnicity

Fayette County has a predominantly White (non-Hispanic) population, comprising 93.8% of all residents. Hispanic or Latino residents account for 1.4%. The Black or African American population (1.1%) is well below the state average of 9.1%. The Hispanic or Latino population (1.4%) is well below the state average of 8.4%. The Asian population (0.1%) is well below the state average of 2.5%.

Education

16.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 43% lower than the state rate of 28.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 85.9%.

Frequently Asked Questions

What is the population of Fayette County, Indiana?

Fayette County has a population of 23,390, making it the 65th most populous county in Indiana.

What is the median income in Fayette County?

The median household income in Fayette County is $56,659 with a poverty rate of 16.7%.

How many cities are in Fayette County, Indiana?

Fayette County contains 1 Census-designated place.