Fairmont, IL
Population 2,409 · Illinois
About Fairmont, IL
Fairmont is a small community in Illinois with a population of 2,409 residents. The median household income is $59,244 per year, which is near the national average. The median age in Fairmont is 31.3 years.
Housing in Fairmont has a median home value of $147,400 and median monthly rent of $1,372. Of the 969 total housing units, the majority are owner-occupied, with 508 owner-occupied and 298 renter-occupied units.
The unemployment rate in Fairmont is 8.7% and the poverty rate is 17.0%. 17.2% of residents hold a bachelor's degree or higher. The average commute time is 22.5 minutes.
Cost of Living in Fairmont, IL
Compared to national averages, Fairmont has a median household income of $59,244 (21% below the national median of $75,149). Home values average $147,400, which is 40% below the national median. Monthly rent at $1,372 is 18% above the US average of $1,163. Within Illinois, Fairmont's income is 21% below the state average of $75,072, and home values are 11% below the state median of $165,779.
Why Live in Fairmont, IL?
Fairmont offers affordable housing with a median home value of $147,400, below the US average of $244,900, and short commute times averaging just 22.5 minutes.
Potential considerations include median household income ($59,244) that falls below the national average. However, Fairmont’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Fairmont has a population of 2,409 with a median age of 31.3 years. Compare Fairmont with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Fairmont
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Christopher | 2,413 | $42,244 | $68,800 | Compare |
| Amboy | 2,396 | $76,667 | $132,600 | Compare |
| Willowbrook | 2,432 | $87,188 | $275,700 | Compare |
| Villa Grove | 2,375 | $69,900 | $99,600 | Compare |
| Aviston | 2,451 | $111,354 | $217,000 | Compare |
| Oakwood Hills | 2,454 | $113,125 | $273,200 | Compare |
| Fairmont City | 2,354 | $43,333 | $65,500 | Compare |
| White Hall | 2,354 | $52,685 | $72,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Fairmont
What is the population of Fairmont, IL?
The population of Fairmont, IL is 2,409 according to the latest Census data.
What is the median household income in Fairmont?
The median household income in Fairmont, IL is $59,244 per year.
What is the median home value in Fairmont?
The median home value in Fairmont, IL is $147,400.
What is the average rent in Fairmont?
The median monthly rent in Fairmont, IL is $1,372.
What is the unemployment rate in Fairmont?
The unemployment rate in Fairmont, IL is 8.7%.