Lafayette, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, Lafayette, Minnesota had a total population of 484, the 508th largest city in Minnesota, with a median household income of $88,750, which is about the same as the state average. The poverty rate is 3.9%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- An exceptionally low poverty rate of 3.9% — among the lowest in Minnesota.
- Housing is very affordable with a home-value-to-income ratio of just 1.8x.
Lafayette Quick Facts
How Lafayette Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 478 | 484 | +1.3% |
| Median household income | $95,500 | $88,750 | -7.1% |
| Median home value | $142,700 | $155,800 | +9.2% |
How Lafayette Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
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: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Lafayette Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Nicollet County
Cities Similar to Lafayette
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Bethel | 474 | $89,904 | $267,800 | 14.2% | 5.5% |
| Fifty Lakes | 478 | $84,615 | $457,300 | 42.0% | 10.7% |
| Green Isle | 466 | $88,333 | $200,700 | 17.2% | 1.1% |
| Willernie | 495 | $85,531 | $331,300 | 32.5% | 6.1% |
| Ranier | 509 | $87,375 | $178,300 | 30.9% | 5.5% |
A note before these figures: with a population of 484, Lafayette's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
Lafayette is a small community located in Minnesota, within Nicollet County. The total population is 484. It ranks as the 508th most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in Lafayette is 36.5 years. This is 6% lower than the state median of 38.8 years.
Economy, Income & Housing
The median household income in Lafayette is $88,750. This is about the same as the state median of $89,062. It is also 10% higher than the national median of $80,734. The poverty rate stands at 3.9%. This is 58% lower than the state poverty rate of 9.3%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The survey records no unemployed residents in Lafayette, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $155,800. Housing costs are 53% lower than the state median of $329,300. With a home-value-to-income ratio of just 1.8x, Lafayette is one of the most affordable housing markets in the area. 84.1% of occupied housing units are owner-occupied. This homeownership rate is 16% higher than the state average of 72.2%.
Race & Ethnicity
Lafayette has a predominantly White (non-Hispanic) population, comprising 92.4% of all residents. Hispanic or Latino residents account for 6.6%.
Education
22.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 44% lower than the state rate of 39.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 94.2%.
Data Sources & Methodology
All demographic data for Lafayette, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 914 Census-designated places in Minnesota. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Lafayette, Minnesota?
Lafayette, Minnesota has a population of 484 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Lafayette, MN?
The median household income in Lafayette is $88,750, which is 10% higher than the national median of $80,734.
What is the poverty rate in Lafayette, MN?
The poverty rate in Lafayette is 3.9%. This means approximately 19 residents live below the federal poverty line.
What is the racial makeup of Lafayette, Minnesota?
Lafayette's population is 92.4% White, 0.0% Black, 6.6% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Lafayette, MN?
The median home value in Lafayette is $155,800. The home-value-to-income ratio is 1.8x.
How educated is Lafayette, Minnesota?
22.1% of adults (25+) in Lafayette hold a bachelor's degree or higher, and 3.9% hold a graduate or professional degree.