Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Ratings
Locals express favorable opinions about the proximity of everyday local amenities, parks, public transit, neighborly atmosphere, strong sense of community and the general safety of the area.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Health & Safety
A low health and safety score may be attributed to factors such as subpar air quality and the unavailability of certain health-related facilities like hospitals, clinics, doctors and pharmacies.
Fayette, Missouri is a small city with a population of 2,677 inhabitants. The majority of Fayette residents report their race to be White; this is followed by Black and American Indian and Alaskan. Fayette tends to attract a younger crowd, as the median age of 28 is far below the national average. In Fayette, only 32% of people over the age of fifteen are married. This city could be a good option for singles ready to mingle. If you prefer shorter commutes, living in Fayette will be a delight. With an average one-way commute time of just 19 minutes, traveling to and from work is notably more convenient than the national average, which stands at 26 minutes.
Living in Fayette can be a positive experience for anyone moving to the city. Having said that, in the state of Missouri, 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. The best areas in Fayette and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, crime, cost of living, health & safety, you will see a detailed breakdown of the most important information as well as comparisons to the Missouri and national averages.
Fayette, MO receives 68 out of 100 for its livability score; this results in a ranking of #137 in Missouri and #8,090 in the USA. If we dig a little deeper into each category within the livability score, we see that Fayette has higher than average grades for the following: crime (B), cost of living (A+) and housing (A). The bad news for Fayette, there are some categories for which it does not score well, this includes: amenities (F).
The Fayette unemployment rate of 0.76% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Fayette excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Fayette is actually affordable. The median home price for Fayette homes is $102,900, which is 27.1% lower than the Missouri average. If we take a closer look at the affordability of homes in Fayette, we’ll see that the home price to income ratio is 2.3, which is 20.7% lower than the Missouri average.
| Statistic | Fayette | Missouri | National |
| Average one way commute | 19min | 23min | 26min |
| Workers who drive to work | 71.2% | 81.6% | 76.4% |
| Workers who carpool | 7.3% | 9.1% | 9.3% |
| Workers who take public transit | 0.0% | 1.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 11.4% | 1.9% | 2.8% |
| Working from home | 8.2% | 4.6% | 4.6% |
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