Lafayette is a small town of 557 in Minnesota, with a median household income of $86,875
.
Its cost of living index is 88 (US average = 100), which is
12% below the national average.
Strengths:
Lafayette stands out for an affordable cost of living, below-average home prices, short average commutes.
Trade-offs:
No major red flags stand out in the available data. Whether Lafayette is right for you depends on your priorities — the full breakdown is below.
All Lafayette 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: 87.6
Lafayette's overall cost of living index is 87.6,
where 100 represents the US national average.
Living in Lafayette costs roughly 12% less than the average American city.
Metric
Lafayette, MN
National Avg
Median Home Value
$125,400
$244,900
Median Monthly Rent
$833
$1,163
Homeownership Rate
86.5%
65.9%
Median Household Income
$86,875
$74,755
Crime & Safety
Very Safe
Lafayette's violent crime rate is 90.4 per 100,000 residents
— 76% lower than the national average of ~380 per 100,000.
Violent Crime
90.4 /100k
Property Crime
674.0 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Metric
Lafayette, MN
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
17.8%
35.4%
High School Diploma or Higher
98.1%
91.1%
Weather & Climate
Lafayette sees average highs of 23.0°F in January
and 81.4°F in July,
with 32.9 inches of annual precipitation
and 38.3 inches of snow per year.
Lafayette's cost of living index is 88, where 100 is the national average.
That makes Lafayette roughly 12% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $125,400 and median rent is $833/month.
Lafayette's violent crime rate is 90.4 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 674.0 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
School district information is sourced from NCES Common Core of Data.
Lafayette, MN has a population of 557, a median household income of $86,875, 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.
Lafayette averages 23.0°F in January and 81.4°F in July. Annual rainfall is 32.9 inches
with about 38.3 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Lafayette, MN is covered by 1 ZIP code: 56054.
The population of Lafayette, Minnesota is 557 with a median age of 33.9. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Lafayette: cost of living index 88 (100 = US average), median home $125,400, median household income $86,875, crime index 27 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare Lafayette side by side with your current city to see the trade-offs.
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