Lafayette city, Minnesota Demographics & Population 2026
As of 2026, Lafayette city, Minnesota has a total population of 478, the 513th largest city in Minnesota, with a median household income of $95,500, which is 9% higher than the state average. The poverty rate is 2.7%.
Key Takeaways
- An exceptionally low poverty rate of 2.7% — among the lowest in Minnesota.
- Housing is very affordable with a home-value-to-income ratio of just 1.5x.
- Near full employment with an unemployment rate of just 0.0%.
Lafayette city Quick Facts
How Lafayette city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Lafayette city Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Nicollet County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Mankato city | 44,882 | $64,826 | 21.7% | $250,600 |
| North Mankato city | 14,212 | $77,571 | 7.7% | $252,700 |
| St. Peter city | 12,085 | $65,042 | 17.5% | $238,700 |
| Nicollet city | 966 | $80,500 | 8.7% | $214,100 |
| Courtland city | 844 | $105,625 | 0.7% | $250,000 |
Cities Similar to Lafayette city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Racine city | 476 | $95,125 | $239,500 | 21.0% | 9.4% |
| Randolph city | 465 | $101,786 | $268,800 | 23.3% | 7.3% |
| St. Marys Point city | 484 | $106,250 | $471,400 | 52.9% | 10.5% |
| Vermillion city | 443 | $93,214 | $298,000 | 15.8% | 5.2% |
| Ottertail city | 490 | $83,750 | $262,500 | 25.5% | 7.1% |
Population Overview
Lafayette city is a small community located in Minnesota, within Nicollet County. The total population is 478. It ranks as the 513th most populous out of 913 cities and towns in Minnesota.
Age Demographics
The median age in Lafayette city is 42.1 years. This is 9% higher than the state median of 38.6 years.
Economy, Income & Housing
The median household income in Lafayette city is $95,500. This is 9% higher than the state median of $87,556. Compared to the national median of $78,538, household income here is 22% higher. The poverty rate stands at 2.7%. This is 70% lower than the state poverty rate of 9.2%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 0.0%. This is 100% lower than the state rate of 3.9%. The median home value is $142,700. Housing costs are 53% lower than the state median of $305,500. With a home-value-to-income ratio of just 1.5x, Lafayette city is one of the most affordable housing markets in the area. 91.3% of occupied housing units are owner-occupied. This homeownership rate is 26% higher than the state average of 72.4%.
Race & Ethnicity
Lafayette city has a predominantly White (non-Hispanic) population, comprising 97.3% of all residents. Hispanic or Latino residents account for 1.3%. The Hispanic or Latino population (1.3%) is well below the state average of 6.2%.
Education
21.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 44% lower than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 97.2%.
Data Sources & Methodology
All demographic data for Lafayette city, Minnesota 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 Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Lafayette city, Minnesota?
Lafayette city, Minnesota has a population of 478 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Lafayette city, MN?
The median household income in Lafayette city is $95,500, which is 22% higher the national median of $78,538.
What is the poverty rate in Lafayette city, MN?
The poverty rate in Lafayette city is 2.7%. This means approximately 13 residents live below the federal poverty line.
What is the racial makeup of Lafayette city, Minnesota?
Lafayette city's population is 97.3% White, 0.0% Black, 1.3% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Lafayette city, MN?
The median home value in Lafayette city is $142,700. The home-value-to-income ratio is 1.5x.
How educated is Lafayette city, Minnesota?
21.8% of adults (25+) in Lafayette city hold a bachelor's degree or higher, and 2.0% hold a graduate or professional degree.