Illinois · Census place 24933
Fairmont City village, IL
Quick answer
Fairmont City village has 2,354 residents, ranking #475 of 1462 places in Illinois. Median household income is $43,333, the median home is worth $65,500 and median gross rent runs $1,012 a month.
- Population
- 2,354Fairmont City village residents
- Median household income
- $43,333Past 12 months, inflation adjusted
- Median home value
- $65,500Owner-occupied units
- Median gross rent
- $1,012Rent plus utilities, monthly
- Median age
- 40.9 yrsAll residents
- Homeownership rate
- 76.1%Owner-occupied households
What the numbers mean in Fairmont City village
Housing cost measured against local earnings.
A household earning the Fairmont City village median would spend about 28% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 27.6% of residents and 76.1% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Illinois.
- Fairmont CDP 2,409
- Amboy city 2,396
- Villa Grove city 2,375
- White Hall city 2,354
- Preston Heights CDP 2,318
- Fox Lake Hills CDP 2,304
- Tremont village 2,300
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