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Fayette, Missouri Demographics & Population 2026

Youngest CityAmong the youngest communities in Missouri with a median age of 22.8 years

During the 2020–2024 ACS period, Fayette, Missouri had a total population of 2,801, the 217th largest city in Missouri, with a median household income of $57,679, which is 18% lower than the state average. The poverty rate is 16.9%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Fayette Quick Facts

Population 2,801
Median Household Income $57,679
Median Home Value $146,700
Poverty Rate 16.9%
Unemployment Rate 2.5%
Median Age 22.8 years
Homeownership Rate 57.7%
Affordability Ratio 2.5x
Bachelor's Degree or Higher 34.3%
High School Graduation Rate 90.7%
Diversity Index 36/100
Population 2,801 217th of 1,062
Median Income $57,679 average
Poverty Rate 16.9% 36% higher than national
Median Home Value $146,700 average

How Fayette Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population2,8002,801+0.0%
Median household income$58,750$57,679-1.8%
Median home value$128,700$146,700+14.0%

How Fayette Compares

Economy & Housing

Household Income Distribution

Under $25K 14.3%
$25K-$50K 33.7%
$50K-$100K 27.9%
$100K+ 24.2%
Detailed income brackets
Under $10K
4.1%
$10K-$15K
2.4%
$15K-$20K
4.9%
$20K-$25K
2.9%
$25K-$30K
3.0%
$30K-$35K
5.9%
$35K-$40K
4.9%
$40K-$45K
12.5%
$45K-$50K
7.4%
$50K-$60K
2.9%
$60K-$75K
14.6%
$75K-$100K
10.4%
$100K-$125K
8.8%
$125K-$150K
3.4%
$150K-$200K
10.3%
$200K+
1.8%

Employment

2.5% Unemployment Rate State: 4.0%|National: 5.2%
48.5% Labor Force Participation

Housing Overview

Owner 57.7%
Renter 42.3%
Affordability Index Very Affordable
2.5x home value to income ratio
Median gross rent $947/mo 19.7% of median household income annually

People & Demographics

Diversity Index

36out of 100
Low Diversity

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

State average: 40 | National average: 61

Education

Fayette Rankings in Missouri

#217 Population of 1,062
#424 Median Income of 955
#147 Education of 1,062
#398 Home Value of 941

Other Cities in Howard County

CityPopulationMedian IncomePovertyHome Value
New Franklin 1,170 $55,066 16.0% $139,500
Glasgow 1,118 $50,446 11.9% $122,600
Armstrong 416 $59,063 10.3% $57,500
Franklin 66 $55,625 9.1% N/A

Cities Similar to Fayette

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Montgomery City2,801$57,500$161,10020.2%17.7%
Moline Acres2,843$55,132$90,00014.0%18.9%
Canton2,752$55,357$117,90017.2%15.0%
New Madrid2,662$57,727$127,50019.5%12.3%
Knob Noster2,838$62,353$202,60029.4%6.0%

Population Overview

Fayette is a small community located in Missouri, within Howard County. The total population is 2,801. It ranks as the 217th most populous out of 1,062 Census-designated places in Missouri.

Age Demographics

The median age in Fayette is 22.8 years. This is 42% lower than the state median of 39.0 years.

Economy, Income & Housing

The median household income in Fayette is $57,679. This is 18% lower than the state median of $70,702. It is also 29% lower than the national median of $80,734. The poverty rate stands at 16.9%. This is 34% higher than the state poverty rate of 12.6%. The unemployment rate is 2.5%. This is 38% lower than the state rate of 4.0%. The median home value is $146,700. Housing costs are 36% lower than the state median of $230,300. With a home-value-to-income ratio of just 2.5x, Fayette is one of the most affordable housing markets in the area. 57.7% of occupied housing units are owner-occupied. This homeownership rate is 15% lower than the state average of 68.1%.

Race & Ethnicity

The largest racial or ethnic group in Fayette is White (non-Hispanic), making up 78.6% of the population. Black or African American residents account for 13.2%. The Hispanic or Latino population (2.3%) is well below the state average of 5.2%. The Asian population (0.8%) is well below the state average of 2.1%.

Education

34.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 6% higher than the state rate of 32.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 90.7%. Notably, 15.3% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Fayette, Missouri 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 Missouri state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,062 Census-designated places in Missouri. 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 Fayette, Missouri?

Fayette, Missouri has a population of 2,801 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Fayette, MO?

The median household income in Fayette is $57,679, which is 29% lower than the national median of $80,734.

What is the poverty rate in Fayette, MO?

The poverty rate in Fayette is 16.9%. This means approximately 357 residents live below the federal poverty line.

What is the racial makeup of Fayette, Missouri?

Fayette's population is 78.6% White, 13.2% Black, 2.3% Hispanic/Latino, and 0.8% Asian.

What is the median home value in Fayette, MO?

The median home value in Fayette is $146,700. The home-value-to-income ratio is 2.5x.

How educated is Fayette, Missouri?

34.3% of adults (25+) in Fayette hold a bachelor's degree or higher, and 15.3% hold a graduate or professional degree.