Lafayette County, Mississippi

Income Data

+33% vs. Mississippi average
$64,334
Median Household Income
$34,960
Per Capita Income

At a Glance

Median Household Income
$64,334
+33% vs. state avg
Per Capita Income
$34,960
-11% vs. national
Income-to-Housing Ratio
24.7%
income as % of home value
Rank in Mississippi
#8 / 82
by median household income

How Lafayette County Compares

Lafayette County$64,334
Mississippi Average$48,514
National Median$74,755

Detailed Income Statistics

$64,334
Median Household Income
$34,960
Per Capita Income
$260,500
Median Home Value
24.7%
Income-to-Housing Ratio

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

What is the median household income in Lafayette County, Mississippi?
The median household income in Lafayette County, Mississippi is $64,334, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Lafayette County?
The per capita income in Lafayette County is $34,960, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $64,334.
How does Lafayette County compare to the Mississippi average?
Lafayette County's median household income of $64,334 is higher than the Mississippi state average of $48,514. The per capita income is $34,960, compared to the state average of $27,136.
What is the per capita income in Lafayette County, Mississippi?
The per capita income in Lafayette County, Mississippi is $34,960, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Lafayette County income higher than the Mississippi average?
Lafayette County's median household income of $64,334 is higher than the Mississippi average of $48,514. This difference of $15,820 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Lafayette County rank for income in Mississippi?
Lafayette County ranks #8 out of 82 counties in Mississippi by median household income (1 = highest). With a median household income of $64,334 and per capita income of $34,960, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Lafayette County

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Your income is above the Lafayette County median

County median: $64,334 per year

vs. County Median

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vs. State Average

+33%

vs. National Median

-14%

vs. Lafayette County MedianAbout equal
vs. Mississippi Average33% above
vs. National Median14% below

Income Adequacy

Monthly income covers median rent4.9x

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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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.