Is Fermont a Good Place to Live?
Based on current data, Fermont receives an overall livability score of 3.8 out of 5.0, earning a grade of B+. Key strengths include above-average household incomes, low unemployment, affordable housing, a low poverty rate. Fermont offers a solid quality of life with a good balance of affordability, safety, and opportunity.
Economy & Jobs
The median household income in Fermont is $172,000, which is significantly higher than the national average — 129% above $75,149. This places Fermont among higher-income communities. The job market is very strong with unemployment at just 2.4%. Only 1.8% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 20 minutes, shorter than most U.S. cities.
Cost of Living & Housing
The median home value in Fermont is $50,000, 82% below the national median — offering relatively affordable homeownership. Renters pay a median of $468 per month, below the national average — a plus for affordability. At just 0.3x median income, home prices are very affordable relative to local earnings.
Education
8.1% of residents hold a bachelor's degree, below the national average of 33.7%. 19.3% have completed high school.