Fairmount, IN
Population 2,575 · Indiana
About Fairmount, IN
Fairmount is a small town located in Indiana with a population of 2,575 residents according to the latest US Census Bureau American Community Survey data. The median household income is $45,163 per year, which is 40% below the national median of $75,149. The median age of 35.1 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Fairmount features a median home value of $96,700, which is 61% below the national median of $244,900. This makes Fairmount one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $827, 29% below the national average of $1,163/month. Of the 1,125 total housing units, 68% are owner-occupied (707 units) and 32% are renter-occupied (340 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Fairmount shows an unemployment rate of 5.3%, which is near the national rate of 3.7%. The poverty rate stands at 22.4%, above the national average of 12.4%. Workers in Fairmount have an average one-way commute time of 23.9 minutes.
Education & Demographics
10.7% of Fairmount 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 1.6% White, 0.7% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Fairmount, IN
Compared to national averages, Fairmount has a median household income of $45,163 (40% below the national median of $75,149). Home values average $96,700, which is 61% below the national median. Monthly rent at $827 is 29% below the US average of $1,163. Within Indiana, Fairmount's income is 35% below the state average of $69,330, and home values are 41% below the state median of $163,409.
Why Live in Fairmount, IN?
Fairmount offers affordable housing with a median home value of $96,700, below the US average of $244,900, and rent that’s lower than the national average at $827/month, and short commute times averaging just 23.9 minutes.
Potential considerations include median household income ($45,163) 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 2,575 with a median age of 35.1 years. Compare Fairmount with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Fairmount
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rising Sun | 2,570 | $54,821 | $141,500 | Compare |
| Lapel | 2,568 | $77,563 | $201,900 | Compare |
| Osceola | 2,583 | $63,063 | $178,300 | Compare |
| Rockville | 2,551 | $48,125 | $97,800 | Compare |
| Wakarusa | 2,519 | $76,008 | $202,400 | Compare |
| Butler | 2,632 | $50,179 | $100,700 | Compare |
| Oakland City | 2,635 | $48,750 | $102,000 | Compare |
| Avilla | 2,637 | $73,250 | $174,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Fairmount With Other Cities
Frequently Asked Questions about Fairmount
What is the population of Fairmount, IN?
The population of Fairmount, IN is 2,575 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Indiana.
What is the median household income in Fairmount?
The median household income in Fairmount, IN is $45,163 per year, which is 40% below the national median of $75,149.
What is the median home value in Fairmount?
The median home value in Fairmount, IN is $96,700, which is 61% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Fairmount?
The median monthly rent in Fairmount, IN is $827, which is 29% below the national average of $1,163/month.
What is the unemployment rate in Fairmount?
The unemployment rate in Fairmount, IN is 5.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Fairmount, IN a good place to live?
Fairmount offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,575 and a median age of 35.1, the city appeals to a broad range of residents.
How educated is Fairmount, IN?
10.7% of residents in Fairmount 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 Fairmount?
Key cost-of-living indicators for Fairmount, IN: median home value is $96,700 (61% below national), median rent is $827/month, and median household income is $45,163. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Fairmount?
The poverty rate in Fairmount, IN is 22.4%, 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 Fairmount, IN?
Fairmount's population is 1.6% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.4% two or more races. 0.0% of residents are foreign-born.