Pros and Cons of Living In Fairmont, Minnesota. Is Fairmont, MN a Nice Place To Live or Retire?

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Fairmont, Minnesota

Moving to Fairmont In Minnesota ? Is Fairmont, MN a Nice Place To Live? Pros and Cons of Living in Fairmont, Minnesota. Find out the best and worst about to live, raise a family or retire in Fairmont.

Fairmont is a city and the county seat of Martin County, Minnesota, United States. The population was 10,487 at the 2020 census.

DEMOGRAPHICS

Population
10042
Unemployment
5.2%
11% NAT AVG.
Poverty
16.7%
19% NAT AVG.
Cost Of Living
89
11% NAT AVG.

ECONOMICS

Median Home Cost
$137300
40% NAT AVG.
Median Income
$49402
27% NAT AVG.
Median Rent
$640
45% NAT AVG.
Overall Score
6

CRIME REPORT

Total Crime
216
8% NAT. AVG.
10% STATE AVG.
Violent Crime
35
9% NAT. AVG.
27% STATE AVG.
Property Crime
181
7% NAT. AVG.
15% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 6
Unemployed People
1 in 19
People Earning < $10,000
1 in 14
People Earning < $50,000
51%
People With Any Degree
1 in 2.7

ETHNICITY

Ethnicity Fairmont USA
White 89.4% 60.1%
African American 0.5% 12.2%
American Indian 0% 0.6%
Asian 0.7% 5.6%
Hawaiian 0% 0.2%
Multiracial 0.9% 2.8%
Hispanic 8.5% 18.2%
Other 0% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Fairmont USA
Less than $10,000 6.9% 5.8%
$10,000 to $14,999 7.9% 4.1%
$15,000 to $24,999 9.2% 8.5%
$25,000 to $34,999 8.3% 8.6%
$35,000 to $49,999 18.7% 12.0%
$50,000 to $74,999 16% 17.2%
$75,000 to $99,999 13.6% 12.8%
$100,000 to $149,999 12.6% 15.6%
$150,000 to $199,999 2.6% 7.1%

EDUCATION

Education Fairmont USA
< 9th Grade 3% 5.0%
9-12th Grade 4% 7.0%
High School or GED 35% 27.0%
Other College 21% 20.0%
Associate's Degree 13% 9%
Bachelor's Degree 17% 20.0%
Master's Degree 5% 9.0%
Professional Degree 1% 2.0%
Doctorate Degree 1% 1.0%
Fairmont is a city in Minnesota state in USA with a population of 10042 residents.. The poverty rate of Fairmont is 16.7%, which is 19% higher than national average. The typical household in Fairmont earns $49402 a year, compared to the national median of $67,500. Nearly 51% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Fairmont remained 5.2%, which is 11% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census.

Cost of living in Fairmont is 89, which is 11% lower than national average. In Fairmont, only 24% of adults have a bachelor's degree and 34% have some college but no degree. Median home value in Fairmont is $137300 , which is 40% lower than national average. While median income in Fairmont remained $49402, which is 27% lower than national average.
Fairmont Scorecard

Jobs60%

Housing50%

Affordability80%

Safety60%

Amenities70%

Diversity60%

Education80%

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