Minnesota · Census place 20330
Fairmont city, MN
Quick answer
Fairmont city has 10,348 residents, ranking #99 of 914 places in Minnesota. Median household income is $59,228, the median home is worth $168,800 and median gross rent runs $717 a month.
- Population
- 10,348Fairmont city residents
- Median household income
- $59,228Past 12 months, inflation adjusted
- Median home value
- $168,800Owner-occupied units
- Median gross rent
- $717Rent plus utilities, monthly
- Median age
- 46.5 yrsAll residents
- Homeownership rate
- 65.8%Owner-occupied households
What the numbers mean in Fairmont city
Housing cost measured against local earnings.
A household earning the Fairmont city median would spend about 14.5% 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 2.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 12.4% of residents and 65.8% 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 Minnesota.
- North Branch city 11,182
- Victoria city 10,972
- Little Canada city 10,546
- Hermantown city 10,192
- Detroit Lakes city 10,002
- Cambridge city 9,992
- Arden Hills city 9,737
Keep going
More Minnesota coverage.