Cost of Living in Lafayette County, Florida
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Lafayette County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Lafayette County ranks #1,132 of 3,142 counties for affordability (top 36%)
Sourced county brief
Lafayette County Official GRAPI Estimated at 19.9 Percent
The official gross rent as a percentage of household income (GRAPI) in Lafayette County is estimated at 19.9%, according to the American Community Survey. This official B25071 figure is 12.9 percentage points below the Florida unweighted county mean of 32.8%. The median gross rent in the county is $896 per month, which is $408 below the state unweighted county mean of $1,304. For homeowners, the median home value was estimated at $157,200, compared to a state unweighted county mean of $284,325. Median selected monthly owner costs for all owner-occupied units in the county are $640, while the state unweighted county mean for these costs is $1,039. Among renter households, the median income is $38,603. These figures provide a snapshot of local housing costs based on federal estimates from the 2020-2024 period. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Lafayette County
Affordability Verdict
ACS B25071 estimates median gross rent at 19.9% of renter household income in Lafayette County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $896 per month; median selected monthly owner costs are $640. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $35,840 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Florida unweighted mean of county median rents is $1,304 per month. Lafayette County's $896 median is 31.3% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Lafayette County
Rent Burden
17.1%
of gross income
Max Housing (28% Rule)
$1,464
per month
Owner Cost Burden
12.2%
of gross income
You can likely afford the median home in Lafayette County
Median home value is $157,200. Estimated monthly cost: $1,255 vs. your max of $1,464.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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