La Fayette village, IL Profile: Facts & Data

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La Fayette village, Illinois - Basic Facts

The Village of La Fayette had a population of 154 as of July 1, 2024. La Fayette village ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Illinois. See peer rankings below.

The primary coordinate point for La Fayette village is located at latitude 41.1096 and longitude -89.9735 in Stark County. The formal boundaries for the Village of La Fayette encompass a land area of 0.19 sq. miles and a water area of 0 sq. miles.

The Village of La Fayette has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of La Fayette is located within Township of Goshen, a minor civil division (MCD) of Stark County.


Jump to... (On This Page!)
  1. La Fayette village 2024 Demographic Data
  2. Growth Rates for La Fayette village (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Illinois Research Tools (Easy Tools & Current Data)
  3. Illinois Data Comparison Tool - 2024 Demographics
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La Fayette village, IL Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 154 (100%)
Population in Households 154 (100.0%)
Population in Families 121 (78.6%)
Population in Group Quarters1 0
Population Density 816
Diversity Index2 13
 
 

INCOME

Median Household Income $76,418
Average Household Income $67,519
% of Income for Mortgage4 13%
Per Capita Income $28,498
Wealth Index5 63
Socioeconomic Status Index6 Moderate (61.3)
 

HOUSING

Total HU (Housing Units) 84 (100%)
Owner Occupied HU 58 (69.0%)
Renter Occupied HU 7 ( 8.3%)
Vacant Housing Units 19 (22.6%)
Median Home Value $163,235
Average Home Value $143,103
Housing Affordability Index3 165
 

HOUSEHOLDS

Total Households 65
Average Household Size 2.37
Family Households 43
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2024 2024-2029
Population -0.90% -1.06%
Households -0.36% 0.00%
Families   -1.93%
Median Household Income   -2.51%
Per Capita Income   2.91%
Owner Occupied HU   1.01%

La Fayette village, IL - Peer Comparisons by Rank and Percentile

The table below compares La Fayette village to the other 1,462 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 1249 15th
Population Density # 829 43rd
Median Household Income # 658 55th
Housing Affordability Index # 1015 69th
Per Capita Income # 1303 11th
Diversity Index # 1144 22nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.

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