What is the median household income in Lafayette, IN?

Name: Income and affordability in Lafayette, IN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median household income in Lafayette, IN is $53,716 (±$2,765) a year (2020–2024 American Community Survey).

Paying the median gross rent of $1,079 a month would take about $43,200 a year at the common guideline of spending no more than 30% of income on rent.

In Lafayette, the median household income went from $46,374 in 2015–2019 to $53,716 in 2020–2024 (+15.8%).

Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.

Figures last updated on November 12, 2026.

Median household income: $53,716 (±$2,765)
Median renter income: $42,158 (±$2,371)
Income to afford median rent: about $43,200

Income in Lafayette against Tippecanoe County, its state and the nation

Income, estimate (90% margin of error)
	Lafayette	Tippecanoe County	Indiana	United States
Median household income	$53,716 (±$2,765)	$60,636 (±$1,807)	$71,957 (±$352)	$80,734
Median renter household income	$42,158 (±$2,371)	$36,674 (±$1,510)	$42,811 (±$480)	$52,966
Median owner household income	$72,129 (±$3,958)	$90,073 (±$3,014)	$87,459 (±$395)	$100,009
Median gross rent	$1,079 (±$19)	$1,124 (±$18)	$1,062 (±$5)	$1,413

In Lafayette, median household income is lower than in Tippecanoe County ($60,636).

It is also lower than in Indiana ($71,957).

It is lower than the national figure ($80,734).

In Tippecanoe County, Lafayette ranks 15 of 18 places with a published estimate, from highest to lowest median household income.

Statewide, it ranks 1320 of 1,568.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How much you need to earn to rent in Lafayette

Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.

At that guideline, the median gross rent of $1,079 a month ($12,948 a year) needs an income of about $43,200 a year.

The median renting household in Lafayette earns $42,158 a year, less than that.

This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.

Income against housing costs since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median household income	$46,374 (±$1,214)	$53,716 (±$2,765)	+15.8%	Down after inflation
Median gross rent	$817 (±$17)	$1,079 (±$19)	+32.1%	Up after inflation
Median home value	$114,800 (±$3,330)	$172,800 (±$6,485)	+50.5%	Up after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median household income in places near Lafayette

Nearest places with a published estimate, compared with Lafayette
Place	Distance	Median household income	Compared with this place
Lafayette	—	$53,716 (±$2,765)	—
Fairfield Township (Tippecanoe County)	2.1 mi	$54,354 (±$2,707)	Not measurably different
Wea Township	3.5 mi	$69,142 (±$5,770)	Higher
West Lafayette	4.4 mi	$34,891 (±$4,238)	Lower
Dayton	5.0 mi	$78,289 (±$8,348)	Higher
Perry Township (Tippecanoe County)	6.2 mi	$86,778 (±$8,531)	Higher
Sheffield Township	6.4 mi	$81,346 (±$21,426)	Higher
Shadeland	6.5 mi	$82,708 (±$22,840)	Higher
Union Township (Tippecanoe County)	6.5 mi	$82,708 (±$22,840)	Higher

Nearby places with a measurably lower figure: West Lafayette, IN ($34,891).

Nearby places with a measurably higher figure: Wea Township, IN ($69,142), Dayton, IN ($78,289), Perry Township (Tippecanoe County), IN ($86,778).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median household income across Tippecanoe County, place by place

Rank	Place	Median household income
9	Sheffield Township	$81,346 (±$21,426)
10	Dayton	$78,289 (±$8,348)
11	Lauramie Township	$74,805 (±$14,149)
12	Washington Township (Tippecanoe County)	$70,536 (±$11,041)
13	Wea Township	$69,142 (±$5,770)
14	Fairfield Township (Tippecanoe County)	$54,354 (±$2,707)
15	Lafayette	$53,716 (±$2,765)
16	Clarks Hill	$46,806 (±$23,274)
17	Wabash Township (Tippecanoe County)	$41,054 (±$4,739)
18	West Lafayette	$34,891 (±$4,238)

Showing 10 of 18 places in Tippecanoe County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Lafayette

What is the median household income in Lafayette?

The median household income in Lafayette is $53,716 (±$2,765) a year (2020–2024 American Community Survey).

How much do you need to make to afford rent in Lafayette?

About $43,200 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,079 a month.

Have incomes in Lafayette kept up with inflation?

In Lafayette, the median household income went from $46,374 in 2015–2019 to $53,716 in 2020–2024 (+15.8%).

Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.

What do renters earn in Lafayette?

The median renting household in Lafayette, IN earns $42,158 (±$2,371) a year.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Lafayette city, Indiana (place:40788, in state:18).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.