Lafayette is home to 484 people in Minnesota. 84% of homes are owner-occupied. Four-year degrees are less common here than nationally, at 22% of adults. The foreign-born share is 0%. The typical home is worth $155,800, having more than doubled since 2000. The poverty rate is 3.9%, under the national 12.5%.
At a glance
Wealthier
median household income $88,750, above the US median
US median: $82,259
Younger
median age 36.5
US median: 38.9
Less educated
22% hold a bachelor's degree
US average: 36%
Less affordable
home values up 35%, inflation adjusted
US median home: $376,019
Unique to this place
What stands out about Lafayette
What changed most since 1990
Median age41.3 → 36.5(−4.8 years)US over the same years: +6.0 years
White share100.0% → 92.4%(−7.6 pts)US over the same years: −17.8 pts
Median household income (2024 dollars)$56,601 → $88,750(+57%)US over the same years: +14%
Shares are "alone or in combination": a person with both Medicare and Medicaid counts in each, so categories overlap and do not sum to 100%.
Section 09 · Service history
Veterans
Veterans by period of service, 2024
Gulf War (2001 or later)0%(0)
US avg: 26.4%
Gulf War (1990s)40%(8)
US avg: 24.3%
Vietnam era20%(4)
US avg: 33.1%
Korean War10%(2)
US avg: 4.5%
World War II0%(0)
US avg: 1%
Share of the 20 veterans here. A veteran who served across eras counts in each, so shares can total more than 100%. Peacetime-only service is included in the total but not shown as an era.
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Over time
Lafayette, decade by decade
Lafayette population, inflation-adjusted income and home value, education, and diversity by year
Year
Population
Median household income
Median home value
Bachelor's degree+
Diversity score
1990
475
$56,601
$81,362
8.8%
0.0
2000
529
$66,889
$115,311
5.9%
4.7
2010
504
$66,534
$113,791
12.8%
8.1
2020
492
$94,943
$116,113
21.4%
12.3
2024
484
$88,750
$155,800
22.1%
17.8
Census years come from the decennial census and the latest year from the American Community Survey, so part of any change between those two rows can reflect the different surveys. Dollar figures are adjusted for inflation to 2024 dollars; a figure ending in "+" was at the Census Bureau's reporting cap that year. The diversity score runs from 0 to 100; see how it's calculated.
