Fairmont, MN demographics:
population, income, and more

Total population
10,296
-0.5% year-over-year change
Median household income
$53,084/yr
-10.4% year-over-year change
Housing units
5,285
3.4% year-over-year change

Fairmont population

How many people live in Fairmont

Fairmont is home to 10,296 residents, according to the most recent Census data. Gender-wise, 47.8% of Fairmont locals are male, and 52.2% are female.

Total population
10,296
-0.5% year-over-year change
Gender ratio
Male
47.8%
4,926
Female
52.2%
5,370
Value Percent YoY change
Male 4,926 47.8% -3.6%
Female 5,370 52.2% 2.5%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Fairmont is 47, with the population distributed as follows: about 17.2% are children under 15, then 9.8% are in the 15 to 24 age group. Adults between 25 and 44 make up 20.6% of the population, while another 26.2% fall into the 45 to 64 bracket. Finally, around 26.1% are 65 or older.

Median age
46.6
Age breakdown
Under 15
17.2%
15 to 24
9.8%
25 to 44
20.6%
45 to 64
26.2%
Over 65
26.1%
Value Percent YoY change
Under 15 1,766 17.2% 2.0%
15 to 24 1,014 9.8% -1.6%
25 to 44 2,123 20.6% -0.6%
45 to 64 2,702 26.2% -8.0%
Over 65 2,691 26.1% 7.0%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Fairmont, 96.2% of the population are US-born citizens, while 2.3% have gained naturalized citizenship. At the same time, 1.4% of residents are non-citizens. As for race, 92.6% of locals are Caucasian, 1.1% are African American and 0.6% have Asian roots. There’s also a share of 3.6% that includes residents with two or more races.

Citizenship
U.S.-born citizens
96.2%
Non-U.S.-born citizens
2.3%
Non-citizens
1.4%
Value Percent YoY change
U.S.-born citizens 9,909 96.2% 0.9%
Non-U.S.-born citizens 241 2.3% -38.0%
Non-citizens 146 1.4% 5.8%
Racial breakdown
White
92.6%
Black or African American
1.1%
American Indian and Alaska Native
0%
Asian
0.6%
Native Hawaiian and other Pacific Islander
0%
Two or more races
3.6%
Other
2%
Value Percent
White 9,539 92.6%
Black or African American 115 1.1%
American Indian and Alaska Native 2 0%
Asian 66 0.6%
Two or more races 369 3.6%
Other 205 2%

Households in Fairmont

A peek inside Fairmont households

Fairmont has 4,884 households, with an average of 2 members in each. Of these, 54% are families, while the remaining 46% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
4,884
1.9% year-over-year change
Average people per household
2
Non-family households
2,244
Family households
2,640
Value Percent YoY change
Non-family households 2,244 46% 6.5%
Family households 2,640 54% -1.7%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Fairmont

The housing landscape of Fairmont

Fairmont's housing consists of 5,285 units, with 63.3% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 2.5% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 2.2% of the housing landscape.

Housing units
5,285
3.4% year-over-year change
Housing types
Value Percent
1 unit, detached 3,345 63.3%
1 unit, attached 132 2.5%
2 units 248 4.7%
3 or 4 units 332 6.3%
5 to 9 units 277 5.2%
10 to 19 units 112 2.1%
20 to 49 units 289 5.5%
50 or more units 435 8.2%
Mobile home 115 2.2%
Homes built since 2020
14
% year-over-year change

The age of buildings in Fairmont

In Fairmont, the median construction year is 1966. About 23.4% of homes were built before the 1940s, with another 6.1% going up by 1949. Most development happened in the second half of the 20th century. Then, 3.4% of homes were added from 2000 to 2009, 4.9% between 2010 and 2019, and 0.3% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 1,239 23.4% -7.2%
Built between 1940 and 1949 323 6.1% 8.4%
Built between 1950 and 1959 636 12% -13.6%
Built between 1960 and 1969 774 14.6% 24.4%
Built between 1970 and 1979 1,014 19.2% -1.0%
Built between 1980 and 1989 497 9.4% 10.2%
Built between 1990 and 1999 350 6.6% 35.7%
Built between 2000 and 2009 179 3.4% 4.1%
Built between 2010 and 2019 259 4.9% 19.9%
Built in 2020 or later 14 0.3% N/A
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Fairmont occupancy rates

Out of the 4,884 occupied housing units in Fairmont, 60.9% are owner-occupied, while 39.1% are lived in by tenants. Meanwhile, 7.6% of all homes on the local market sit vacant.

Occupied housing units
4,884
1.9% year-over-year change
Occupancy breakdown
Renter occupied
1,911
Owner occupied
2,973
Value Percent YoY
change
Renter occupied 1,911 39.1% 16.7%
Owner occupied 2,973 60.9% -5.7%
Unoccupied housing units
7.6%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Fairmont housing costs

Housing costs in Fairmont come to a median of $788 per month, while tenants specifically pay a median gross rent of $738.

Median housing costs per month
$788/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Fairmont
$738/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Fairmont

Fairmont education at a glance

About 37.6% of the population in Fairmont went to high school, while 21.6% pursued college studies. Another 14.6% earned an associate degree and 17.1% hold a bachelor’s. Meanwhile, 8.4% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 66 0.8% -57.7%
High school diploma 3,048 37.6% -3.6%
College diploma 1,751 21.6% 10.9%
Associate degree 1,186 14.6% 7.1%
Bachelor's degree 1,385 17.1% 2.0%
Graduate degree 680 8.4% -14.9%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Fairmont

How much people earn in Fairmont

The average annual household income in Fairmont was $78,558 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a -7.3% change from the previous year. At the same time, the median income stood at $53,084, reflecting a -10.4% shift over the same period.

Average household income in Fairmont
$78,558/year
-7.3% year-over-year change
Median household income in Fairmont
$53,084/year
-10.4% year-over-year change

Fairmont income by age

In Fairmont, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $54,182. Those with someone between 45 and 64 in charge, often well established professionally, earn $86,161 overall. Overall, 84.7% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $54,182 -10.9%
45 - 64 $86,161 -8.9%
Over 65 $37,578 -11.7%
Above poverty level
8,609
Below poverty level
1,557
Value Percent YoY
change
Above poverty level 8,609 84.7% -3.5%
Below poverty level 1,557 15.3% 22.9%

Average renter income in Fairmont

To get a better sense of what renters earn on average in Fairmont, their median household income was $30,897 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 28.7%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$30,897
Rent-to-income ratio
28.7%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Fairmont

Workforce and job types in Fairmont

The job market in Fairmont is powered by 4,877 working residents, spread across a range of industries and roles. 75% of the working population are employed in professional or administrative positions, while 25% are in hands-on or service-based jobs. Also, 9.6% run their own businesses, 66.7% are employed by private companies, and 13% work in the public sector.

Workforce demographics

Working population
4,877
-4.8% year-over-year change
White collar
3,659
Blue collar
1,218
Value Percent YoY change
White collar 3,659 75% -3.2%
Blue collar 1,218 25% -9.2%
Employer type
Self employees
9.6%
Private companies
66.7%
Governmental workers
13%
Not for profit companies
10.8%
Value Percent YoY change
Self employees 467 9.6% 8.1%
Private companies 3,252 66.7% -4.8%
Governmental workers 632 13% 7.3%
Not for profit companies 526 10.8% -23.2%
Unemployment rate
3.1%
-29.7% year-over-year change

Available workforce

The unemployment rate in Fairmont stands at 3.1%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Fairmont

How people get around in Fairmont

In Fairmont, the average commute time is 13 minutes. Commuting methods vary: 85.8% of residents travel by personal vehicle and 5% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Commute time
13 min
-13.8% year-over-year change
Means of transportation
Value Percent YoY change
Car 4,094 85.8% -6.3%
Taxicab 24 0.5% 33.3%
Walk 236 5% 29.7%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Fairmont by zipcode?

Zipcode Population Number of households Median income Average income
56031 11,665 5,465 $54,847 $82,249

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FAQs about Fairmont demographics 

What is the total population of Fairmont?

Fairmont has a total population of 10,296 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by -0.5% compared to a year ago.

What is the gender ratio in Fairmont?

The gender ratio in Fairmont is as follows:
  • 47.8% males (4,926 residents)
  • 52.2% females (5,370 residents)

What is the median age in Fairmont?

The median age in Fairmont is 46.6.

What is the age distribution of the population in Fairmont?

The age distribution in Fairmont is as follows:
  • Under 15: 17.2% (1,766 residents)
  • Ages 15-24: 9.8% (1,014 residents)
  • Ages 25-44: 20.6% (2,123 residents)
  • Ages 45-64: 26.2% (2,702 residents)
  • Over 65: 26.1% (2,691 residents)

What is the racial and ethnic makeup of Fairmont?

The racial and ethnic makeup of Fairmont is as follows:
  • White: 92.6% (9,539 residents)
  • Black or African American: 1.1% (115 residents)
  • American Indian and Alaska Native: 0% (2 residents)
  • Asian: 0.6% (66 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 3.6% (369 residents)
  • Other: 2% (205 residents)

What percentage of the population in Fairmont are U.S.-born citizens?

U.S.-born citizens represent 96.2% of the population in Fairmont.

How many housing units are there in Fairmont?

There are 5,285 housing units in Fairmont, reflecting a +3.4% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Fairmont and what is the average household size?

Fairmont has a total of 4,884 households, with an average of 2 people in each.

What is the median household income in Fairmont?

Fairmont has a median household income of $53,084, representing a -10.4% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Fairmont?

The employment rate is 96.9% in Fairmont, with a workforce of 4,877 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 75% (3,659 residents)
  • Blue-collar workers: 25% (1,218 residents)

Places of employment:
  • Self-employed: 9.6% (467 residents)
  • Private companies: 66.7% (3,252 residents)
  • Governmental workers: 13% (632 residents)
  • Not-for-profit companies: 10.8% (526 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025