Fairmont City, IL
Population 2,354 · Illinois
About Fairmont City, IL
Fairmont City is a small town located in Illinois with a population of 2,354 residents according to the latest US Census Bureau American Community Survey data. The median household income is $43,333 per year, which is 42% below the national median of $75,149. The median age of 40.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Fairmont City features a median home value of $65,500, which is 73% below the national median of $244,900. This makes Fairmont City one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,012, 13% below the national average of $1,163/month. Of the 1,057 total housing units, 76% are owner-occupied (670 units) and 24% are renter-occupied (210 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Fairmont City shows an unemployment rate of 0.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 27.6%, above the national average of 12.4%. Workers in Fairmont City have an average one-way commute time of 17.8 minutes, one of the shorter commutes in the region.
Education & Demographics
12.5% of Fairmont City residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 67.7% White, 10.5% Hispanic or Latino, 0.5% Black or African American, and 2.2% Asian residents, with 18.4% of the population being foreign-born.
How Fairmont City Ranks in Illinois
Cost of Living in Fairmont City, IL
Compared to national averages, Fairmont City has a median household income of $43,333 (42% below the national median of $75,149). Home values average $65,500, which is 73% below the national median. Monthly rent at $1,012 is 13% below the US average of $1,163. Within Illinois, Fairmont City's income is 42% below the state average of $75,072, and home values are 60% below the state median of $165,779.
Why Live in Fairmont City, IL?
Fairmont City offers affordable housing with a median home value of $65,500, below the US average of $244,900, and rent that’s lower than the national average at $1,012/month, and a strong job market with an unemployment rate of just 0.6%. Additionally, the city features short commute times averaging just 17.8 minutes.
Potential considerations include median household income ($43,333) that falls below the national average. However, Fairmont City’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Fairmont City has a population of 2,354 with a median age of 40.9 years. Compare Fairmont City with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Fairmont City
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| White Hall | 2,354 | $52,685 | $72,500 | Compare |
| Villa Grove | 2,375 | $69,900 | $99,600 | Compare |
| Preston Heights | 2,318 | $51,970 | $141,400 | Compare |
| Amboy | 2,396 | $76,667 | $132,600 | Compare |
| Fox Lake Hills | 2,304 | $111,477 | $229,700 | Compare |
| Tremont | 2,300 | $77,420 | $200,600 | Compare |
| Fairmont | 2,409 | $59,244 | $147,400 | Compare |
| Christopher | 2,413 | $42,244 | $68,800 | 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.
Compare Fairmont City With Other Cities
Frequently Asked Questions about Fairmont City
What is the population of Fairmont City, IL?
The population of Fairmont City, IL is 2,354 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Fairmont City?
The median household income in Fairmont City, IL is $43,333 per year, which is 42% below the national median of $75,149.
What is the median home value in Fairmont City?
The median home value in Fairmont City, IL is $65,500, which is 73% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Fairmont City?
The median monthly rent in Fairmont City, IL is $1,012, which is 13% below the national average of $1,163/month.
What is the unemployment rate in Fairmont City?
The unemployment rate in Fairmont City, IL is 0.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Fairmont City, IL a good place to live?
Fairmont City offers a moderate cost of living, affordable housing, and a strong job market. With a population of 2,354 and a median age of 40.9, the city appeals to a broad range of residents.
How educated is Fairmont City, IL?
12.5% of residents in Fairmont City aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Fairmont City?
Key cost-of-living indicators for Fairmont City, IL: median home value is $65,500 (73% below national), median rent is $1,012/month, and median household income is $43,333. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Fairmont City?
The poverty rate in Fairmont City, IL is 27.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Fairmont City, IL?
Fairmont City's population is 67.7% White, 10.5% Hispanic or Latino, 0.5% Black or African American, 2.2% Asian, and 2.1% two or more races. 18.4% of residents are foreign-born.