Lafayette, MN
484Residents
$88,750Median household income
$980/moMedian gross rent
$155,800Median home value
36.5Median age
22%Adults with a bachelor’s degree or higher
84%Homes lived in by their owners
1.8×Home value to household income
Median rent takes about 13% of the median household income in Lafayette.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $39,000 a year. In Minnesota that leaves roughly $2,572 a month after tax. See the full paycheck breakdown for $40,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.