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Fairmont city, Minnesota

City

Population: 10,348 (2023 estimate)

Located in Minnesota , Minnesota

Census Bureau data for Fairmont city from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.

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Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).

Quick Facts — Fairmont city

What is the median household income in Fairmont city?
The median household income in Fairmont city is $59,228 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
What is the poverty rate in Fairmont city?
The poverty rate in Fairmont city is 5.5% (U.S. Census Bureau ACS 2023).
What is the median home value in Fairmont city?
$168,800 (U.S. Census Bureau ACS 2023).
What is the average rent in Fairmont city?
The median gross rent in Fairmont city is $717 per month (U.S. Census Bureau ACS 2023).
What percentage of Fairmont city residents have a college degree?
26.1% of adults in Fairmont city hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
10,348
Median Income
$59,228
Median Home Value
$168,800
Poverty Rate
5.5%
Unemployment (ACS 2023)
4.1%
Median Age
46.0 yrs
Since 2019 Median Income: +$11,352 (+23.7%) Home Value: +$45,100 (+36.5%) Poverty Rate: -7.5 pp (-57.7%) Bachelor's+: +3.1 pp (+13.5%) Unemployment: -1.3 pp (-24.1%)

Demographics

Total Population 10,348
Median Age 46.0
Female 50.6%
Race & Ethnicity
Hispanic or Latino 9.1% White (non-Hisp.) 85.6% Black 1.0% Asian 0.8% Two or More 3.5% Other 2.4%
Asian Subgroups (% of total pop.)
Chinese
0.4%
Indian
0.3%
Filipino
0.1%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Income & Poverty

Median Household Income $59,228 ±$4,276
-$28,328 vs. state
Per Capita Income $91,880
Median Family Income $87,977
Poverty Rate 5.5%
+0.0 pp vs. state
Child Poverty Rate 8.8%
Working-Age Poverty Rate
SNAP Recipients 12.2%
Social Security Income
Retirement Income 27.5%
Household Income Distribution
< $10k
2.5%
$10–15k
4.9%
$15–25k
9.1%
$25–35k
13.2%
$35–50k
9.5%
$50–75k
19.8%
$75–100k
11.2%
$100–150k
19.1%
$150–200k
3.6%
$200k+
7.1%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Housing

Total Housing Units 5,112
Owner-Occupied 65.8%
Renter-Occupied 34.2%
Vacancy Rate 6.3%
Median Home Value $168,800
-$136,700 vs. state
Median Gross Rent $717
Owner Cost Burden (30%+) 9.0%
Renter Cost Burden (30%+) 36.0%
Home Value Distribution
< $50k
7.3%
$50–100k
16.1%
$100–200k
16.6%
$200–300k
16.4%
$300–500k
12.2%
$500k–$1M
5.8%
Gross Rent Distribution
< $500
16.9%
$500–1k
53.4%
$1–1.5k
19.7%
$1.5–2k
6.4%
$2–2.5k
2.3%
$2.5–3.5k
1.3%
Vehicle Availability
No vehicle
12.8%
1 vehicle
34.3%
2 vehicles
34.8%
3+
18.1%
Housing Type
Single-fam. det.
67.9%
Single-fam. att.
2.8%
2–4 units
1.9%
5–19 units
4.5%
20+ units
12.6%
Mobile home
2.0%
Housing Age
Pre-1940
26.1%
1940–1969
5.8%
1970–1999
20.0%
2000–2009
3.4%
2010+
4.2%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Education

High School or Higher 94.4%
Bachelor's or Higher 26.1%
-12.7 pp vs. state
Graduate Degree 10.5%
Some College / Associate 20.2%
Less Than High School 2.1%
Enrolled in School

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Employment

Labor Force Participation 63.6%
Unemployment Rate 4.1%
+0.2 pp vs. state
Work from Home 7.0%
Self-Employed 4.8%
Government Workers 11.5%
Private For-Profit 83.5%
Industry
Edu/Health
26.3%
Manufacturing
17.5%
Retail
14.4%
Agriculture
9.7%
Arts/Entmt.
8.8%
Finance
5.3%
Construction
3.9%
Public Admin
2.9%
Transportation
2.8%
Prof. Services
2.4%
Wholesale
0.6%
Information
0.5%
Occupation
Management
35.2%
Sales
23.1%
Production
16.9%
Food Prep
15.5%
Construction
9.3%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Commute

Median Travel Time 15.2 min
Drove Alone 82.0%
Carpool 5.1%
Public Transit 0.0%
Work from Home 7.0%
Walked 3.6%
Bicycle

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Households & Families

Total Households 4,791
Avg. Household Size 2.00
Avg. Family Size
Married-Couple Households 45.6%
Single-Mother Households
Single-Father Households
Living Alone
Households with Children 13.8%
Multigenerational

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Age Distribution

Under 5
4.8%
5–9
6.6%
10–14
5.4%
15–19
5.9%
20–24
4.0%
25–34
9.5%
35–44
11.2%
45–54
12.1%
55–64
7.0%
65–74
9.3%
75–84
12.5%
85+
6.7%
Under 18: 21.1% Working age (18–64): 78.9% 65 and over: 24.3%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Social Characteristics

Immigration

Foreign Born 3.5%
Naturalized Citizen 62.1%
Speaks English Less Than Very Well 3.0%
Foreign-Born Origin
Latin America
65.4%
Asia
22.8%
Africa
7.4%
Europe
4.4%

Veterans & Disability

Veteran 9.0%
With a Disability 18.3%
Cognitive Difficulty
Ambulatory Difficulty

Health Insurance

Insured 96.2%
Uninsured 3.8%
Employer Insurance
Medicaid
Medicare

Technology & Mobility

Broadband Internet 85.1%
Has a Computer 91.7%
Same House 1 Year Ago 89.5%
Moved from Abroad 0.0%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

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