Fairmount, ND
Full City Profile · North Dakota · Richland County County
3.5
/5.0
B+
Good
316
Population
958/sq mi density
$55,313
Median Income
$35,974 per capita
$79,300
Home Value
$147,593 Zillow
$567
Median Rent
16.7% income on rent
43°F
Avg Temperature
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$55,313 median income, 3.1% unemployment
A+
Affordability
5.0 / 5.0
$79,300 home value, $567/mo rent
C
Education
2.1 / 5.0
13.4% bachelor's degree or higher
Income Overview
Median Household Income
$55,313
26% below
US avg: $75,149
Per Capita Income
$35,974
8% below
US avg: $39,052
Unemployment Rate
3.1%
14% below
US avg: 3.6%
Poverty Rate
14.8%
19% above
US avg: 12.4%
Income Comparison: Fairmount vs. U.S. Average
Each bar shows Fairmount’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$55,313
74%
Per Capita
US: $39,052
$35,974
92%
IRS Avg AGI
US: $72,000
$84,658
118%
Avg Weekly Wage
US: $1,432
$1,042
73%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,042
27% below US avg ($1,432)
Mean Commute Time
15 min
47% below US avg (28 min)
Work From Home
1.3%
91% below US avg (15.2%)
Drive Alone
69.7%
5% below US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$1,478M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
69.7%
Public Transit
0%
Work From Home
1.3%
Other
29%
Average commute time
15 minutes
US avg: 28 min
Business Landscape
Total Establishments
704
Restaurants
43
Healthcare
48
Retail
71
Manufacturing
39
Tax & Financial
IRS Avg Adjusted Gross Income
$84,658
18% above US avg ($72,000)
Avg Property Tax
$4,825
38% above US avg ($3,500)
Cost of Living Index
89.0
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $55,313 |
| Per Capita Income | $35,974 |
| IRS Avg Adjusted Gross Income | $84,658 |
| Avg Weekly Wage | $1,042 |
| County GDP | $1,478M |
Hardship Indicators
| Unemployment Rate | 3.1% |
| Poverty Rate | 14.8% |
| Gini Coefficient | 0.468 |
| Cost of Living Index | 89.0 |
Commute
| Mean Commute | 15 minutes |
| Drive Alone | 69.7% |
| Public Transit | 0.0% |
| Work From Home | 1.3% |
Businesses
| Total Establishments | 704 |
| Restaurants | 43 |
| Healthcare | 48 |
| Retail | 71 |
| Manufacturing | 39 |
Tax
| IRS Avg AGI | $84,658 |
| Avg Property Tax | $4,825 |