Median Income
$48,125
household / year
Median Home Value
$49,100
owner-occupied
Median Rent
N/A
gross / month
Cost of Living
89
national avg = 100

Is La Fayette, IL a Good Place to Live?

La Fayette is a small town of 155 in Illinois, with a median household income of $48,125 . Its cost of living index is 89 (US average = 100), which is 11% below the national average.

Strengths: La Fayette stands out for an affordable cost of living, below-average home prices.

Trade-offs: No major red flags stand out in the available data. Whether La Fayette is right for you depends on your priorities — the full breakdown is below.

All La Fayette city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 88.6

La Fayette's overall cost of living index is 88.6, where 100 represents the US national average. Living in La Fayette costs roughly 11% less than the average American city.

Metric La Fayette, IL National Avg
Median Home Value $49,100 $244,900
Median Monthly Rent N/A $1,163
Homeownership Rate 92.9% 65.9%
Median Household Income $48,125 $74,755

Crime & Safety

Crime data for La Fayette is not currently available from the FBI's Uniform Crime Reporting program. Not all local agencies report to the UCR each year.

Schools & Education

Metric La Fayette, IL National Avg
School District N/A —
Elementary Schools N/A —
Middle Schools N/A —
High Schools N/A —
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 2.4% 35.4%
High School Diploma or Higher 94.4% 91.1%

Weather & Climate

La Fayette sees average highs of 30.0°F in January and 84.1°F in July, with 38.7 inches of annual precipitation and 30.8 inches of snow per year.

MetricLa Fayette, IL
Average High — January30.0°F
Average High — July84.1°F
Annual Precipitation38.7"
Annual Snowfall30.8"

Demographics

MetricLa Fayette, ILNational Avg
Population155—
Median Age43.838.9
Unemployment Rate0.0%3.7%
Avg Commute Time27.5 min26 min
White (non-Hispanic)81.3%59.3%
Black or African American1.9%13.6%
Hispanic or Latino12.3%18.9%
Asian0.0%6.3%
Under 1818.7%22.2%
65 and over24.5%16.8%

Nearby Cities

Galva, IL 5 mi Toulon, IL 6 mi Victoria, IL 8 mi Kewanee, IL 9 mi Bishop Hill, IL 10 mi

ZIP Codes in La Fayette

La Fayette, IL is covered by 1 ZIP code:

61449

La Fayette vs Other Cities

La Fayette, IL vs Galva, IL La Fayette, IL vs Toulon, IL La Fayette, IL vs Victoria, IL La Fayette, IL vs Kewanee, IL La Fayette, IL vs Bishop Hill, IL

Frequently Asked Questions

La Fayette's cost of living index is 89, where 100 is the national average. That makes La Fayette roughly 11% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $49,100 and median rent is N/A/month.
Crime data for La Fayette is not available in the current FBI UCR reporting year. Not all jurisdictions submit data annually.
School district information is sourced from NCES Common Core of Data.
La Fayette, IL has a population of 155, a median household income of $48,125, and an unemployment rate of 0.0%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
La Fayette averages 30.0°F in January and 84.1°F in July. Annual rainfall is 38.7 inches with about 30.8 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
La Fayette, IL is covered by 1 ZIP code: 61449.
The population of La Fayette, Illinois is 155 with a median age of 43.8. Source: US Census ACS 5-Year Estimates.
Key numbers for living in La Fayette: cost of living index 89 (100 = US average), median home $49,100, median household income $48,125. Whether these are benefits or drawbacks depends on where you're coming from — compare La Fayette side by side with your current city to see the trade-offs.