Fairmont, Minnesota Housing

Fairmont, Minnesota has a population of 10,400, with a median household income of $56,400.

Current housing data for Fairmont.

$185,000

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Population

10,400

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Median Income

$56,400

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Unemployment

4.10%

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Housing Price

$185,000

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Crime Rate

29.50

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Internet Speed

500.00 Mbps

Fairmont is a small local community located in Minnesota. The city has a population that is above the average city population in Minnesota, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Fairmont, located in Minnesota, is a city that reflects important demographic and economic patterns within the region.

Population Overview

Fairmont has a population of 10,400, which is higher than the state average. This indicates a relatively larger urban presence within Minnesota.

Income and Economy

The median household income in Fairmont is $56,400, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Fairmont is about $185,000, making it relatively affordable compared to many cities in Minnesota.

Employment and Safety

The unemployment rate in Fairmont is 4.10%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Fairmont are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Minnesota, Fairmont shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Fairmont continues to play a role in shaping regional trends in Minnesota, particularly in terms of economic and demographic factors.

Frequently Asked Questions about Fairmont

What is the population of Fairmont?

The population of Fairmont is approximately 10,400.

Is Fairmont a good place to live?

Fairmont offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Fairmont?

The median household income in Fairmont is around $56,400.

How expensive is housing in Fairmont?

The average housing price in Fairmont is approximately $185,000.