Located in the state of Tennessee, Lafayette is a small-sized city with a population of 5,393 residents. The majority of Lafayette residents report their race to be White; this is followed by Black and Asian. When traveling to work, spending unnecessary time in your vehicle is not ideal and downright frustrating. Across all of America, the average one way commute time is 26 minutes, unfortunately, living in Lafayette offers up a higher than average one way commute time of 34 minutes.
Living in Lafayette can be a good experience for anyone relocating to the area. Having said that, in the state of Tennessee, there are many desirable places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. To help you find the best places to live in and around Lafayette, AreaVibes has created a livability score using key metrics like amenities, education, housing and more.
The livability score in Lafayette is 66 out of 100 and the city is ranked in the 63rd percentile of all cities across America. If we dig down a little deeper into each category within the livability score, we see that Lafayette has higher than average grades for the following: housing (A-). Unfortunately for Lafayette, there are some categories for which it does not rank well, this includes: amenities (F), education (F) and employment (F).
Feeling a sense of safety in the area that you live in is a must for most people. Low crime rates can have a positive impact on things like home prices, home appreciation rates and can help foster positive community dynamics and social cohesion. Lafayette has a violent crime rate of 118 crimes per 100,000 residents which is far lower than the national average.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Lafayette, the unemployment rate stands at 2.7%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Lafayette has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Lafayette. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Lafayette are affordable. The median home price for Lafayette homes is $204,913, which is 21.8% lower than the Tennessee average. If we take a closer look at the affordability of homes in Lafayette, we’ll see that the home price to income ratio is 4.2, which is 13.5% higher than the Tennessee average.
| Statistic | Lafayette | Tennessee | National |
| Average one way commute | 34min | 25min | 26min |
| Workers who drive to work | 82.0% | 83.6% | 76.4% |
| Workers who carpool | 11.4% | 9.2% | 9.3% |
| Workers who take public transit | 0.0% | 0.8% | 5.1% |
| Workers who bicycle | 0.0% | 0.1% | 0.6% |
| Workers who walk | 0.0% | 1.4% | 2.8% |
| Working from home | 0.9% | 3.9% | 4.6% |
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