Fairmount, IL
Population 610 · Illinois
About Fairmount, IL
Fairmount is a small community in Illinois with a population of 610 residents. The median household income is $63,393 per year, which is near the national average. The median age in Fairmount is 40.6 years.
Housing in Fairmount has a median home value of $95,900 and median monthly rent of $735. Of the 254 total housing units, the majority are owner-occupied, with 189 owner-occupied and 58 renter-occupied units.
The unemployment rate in Fairmount is 2.7% and the poverty rate is 13.3%. 11.0% of residents hold a bachelor's degree or higher. The average commute time is 25 minutes.
Cost of Living in Fairmount, IL
Compared to national averages, Fairmount has a median household income of $63,393 (16% below the national median of $75,149). Home values average $95,900, which is 61% below the national median. Monthly rent at $735 is 37% below the US average of $1,163. Within Illinois, Fairmount's income is 16% below the state average of $75,072, and home values are 42% below the state median of $165,779.
Why Live in Fairmount, IL?
Fairmount offers affordable housing with a median home value of $95,900, below the US average of $244,900, and rent that’s lower than the national average at $735/month, and a strong job market with an unemployment rate of just 2.7%.
Potential considerations include median household income ($63,393) that falls below the national average. However, Fairmount’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Fairmount has a population of 610 with a median age of 40.6 years. Compare Fairmount with other cities to see how it stacks up, or explore all cities in Illinois.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Fairmount
What is the population of Fairmount, IL?
The population of Fairmount, IL is 610 according to the latest Census data.
What is the median household income in Fairmount?
The median household income in Fairmount, IL is $63,393 per year.
What is the median home value in Fairmount?
The median home value in Fairmount, IL is $95,900.
What is the average rent in Fairmount?
The median monthly rent in Fairmount, IL is $735.
What is the unemployment rate in Fairmount?
The unemployment rate in Fairmount, IL is 2.7%.