Fairmont, MN
Full City Profile · Minnesota · Martin County County
Fairmont, MN
At a Glance
How Fairmont Compares to the U.S. Average
Each bar shows Fairmont's value as a percentage of the national average (100% = U.S. avg)
Is Fairmont a Good Place to Live?
Economy & Jobs
Fairmont residents earn a median household income of $59,228 , which is 21% below the national average of $75,149. Per capita income is $39,233. The unemployment rate stands at 4.1% (14% above the U.S. rate of 3.6%). 5.5% of residents live below the poverty line. The area is home to 705 business establishments, including 49 restaurants.
Housing & Cost of Living
The median home value in Fairmont is $168,800 , 40% below the national median of $281,900. Zillow estimates the typical home at $170,959. Median rent is $717/month, with 30.6% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1962.
Safety & Crime
Fairmont reports 295 violent crimes per 100,000 residents , which is 22% below the national average of 380/100K. Property crime is 1,396/100K.
Education
26.1% of adults in Fairmont hold a bachelor's degree or higher (23% below the national average). 94.4% have completed high school. Local schools score 5.8/10 in standardized testing.
Climate & Weather
Fairmont has an average annual temperature of 46°F (8°C). Winters average 15°F in January while summers reach 73°F in July. Annual precipitation totals 33.5 inches.