Lafayette County, Mississippi
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Lafayette County Compares
Detailed Income Statistics
Income Advisory: Lafayette County
Income Verdict
Lafayette County has a median household income of $64,334 and per capita income of $34,960 — a gap of $29,374, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
With median gross rent at $1,091/month and a median household income of $64,334, rent consumes approximately 20.4% of monthly income — well within affordable thresholds.
Economic Context
With a median household income of $64,334, residents of Lafayette County likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $34,960 is in line with national norms for individual earners.
Neighbor Context
Lafayette County earns approximately 32.6% above the Mississippi state median household income of $48,514, positioning it favorably within the state.
Data Story
About Household Income in Lafayette County, Mississippi
Strong income, but still trails nation
Lafayette County's median household income of $64,334 approaches the national median of $74,755, capturing 86% of typical American earning power. The county ranks among Mississippi's more prosperous regions, though a $10,400 gap remains relative to the national baseline.
Top tier within Mississippi
At $64,334, Lafayette County significantly exceeds Mississippi's state average of $48,514 by nearly $16,000, positioning it among the top-performing counties statewide. This strength reflects the presence of the University of Mississippi and a more diversified regional economy.
Economic leader in regional cohort
Lafayette County's $64,334 income substantially outpaces all neighboring counties: Lamar County ($69,106) leads regionally, but Lafayette ranks second, ahead of Jones County ($51,143), Leake County ($48,418), and Lauderdale County ($50,033). The county anchors the upper tier of this regional peer group.
Higher income supports elevated home values
The median home value of $260,500 and rent-to-income ratio of 20.4% reflect stronger household capacity, though these figures indicate higher absolute housing costs. The 20.4% ratio remains within acceptable range, signaling that household income adequately supports the local real estate market.
Build wealth through strategic investing
Lafayette County households enjoy income above state average and housing that consumes a reasonable portion of earnings, creating space for wealth-building strategies. Consider diversified investment accounts, real estate appreciation, and educational advancement to secure long-term financial security for future generations.
Frequently Asked Questions
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Income Comparison Calculator
See how your household income compares in Lafayette County
Your income is above the Lafayette County median
County median: $64,334 per year
vs. County Median
+0%
vs. State Average
+33%
vs. National Median
-14%
Income Adequacy
Your monthly income ($5,361) vs. median rent ($1,091/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.