Cost Of Living
Residents in this area benefit from an affordable cost of living. This includes goods and services, transportation, housing, utilities, groceries and healthcare.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Health & Safety
Earning a high health and safety score depends on factors such as good air quality and the availability of essential health facilities like hospitals, clinics, doctors, and fire stations.
Ratings
Local residents have positive feedback regarding the convenience of amenities, parks, public transit, the friendliness of neighbors, the strong sense of community, and the overall safety of the area.
Amenities
It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.
Commute
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
Employment
The combination of low income levels and high unemployment rates contributes to a low score in the employment category, which could make it challenging to secure well-paying jobs.
Schools
Factors such as lower than average graduation rates, lackluster reading and math scores and the limited accessibility of local elementary and high schools could contribute to the low schools score.
Lafayette, Tennessee is a smaller city with a population of 5,239 inhabitants. According to the most recent Census, 98% of Lafayette residents are White, 1% Black and 0% Asian. Long, unnecessary commutes can be both frustrating and inconvenient when heading to work. Nationwide, the average one-way commute time takes 26 minutes, but regrettably, residing in Lafayette entails a longer-than-average one-way commute time, averaging 34 minutes.
Living in Lafayette can be a positive experience for anyone moving to the area. Having said that, in the state of Tennessee, there are many amazing 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. Finding the best places to live in Lafayette and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, cost of living, commute, education, housing and other important metrics.
Lafayette, TN receives 66 out of 100 for its livability score; this results in a ranking of #108 in Tennessee and #10,029 in the USA. For each of the livability categories, we see that Lafayette ranks very well for housing (B-). Unfortunately for Lafayette, there are some categories for which it does not rank well, this includes: amenities (F), education (F) and employment (F).
The unemployment rate in Lafayette has consistently declined over the years and currently stands well below the national average at 2.54%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Lafayette market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
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. Median real estate prices in Lafayette come in at $115,800, which is 20.7% lower than the Tennessee average. The home price to income ratio compares the median home prices to the median household income. In Lafayette, the home price to income ratio is 3.5, which is 12.9% 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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