Fairmont, MN
Population 10,348 · Minnesota
About Fairmont, MN
Fairmont is a mid-sized city in Minnesota with a population of 10,348 residents. The median household income is $59,228 per year, which is near the national average. The median age in Fairmont is 46.5 years.
Housing in Fairmont has a median home value of $168,800 and median monthly rent of $717. Of the 5,112 total housing units, the majority are owner-occupied, with 3,153 owner-occupied and 1,638 renter-occupied units.
The unemployment rate in Fairmont is 4.1% and the poverty rate is 12.4%. 26.1% of residents hold a bachelor's degree or higher. The average commute time is 15.2 minutes.
Cost of Living in Fairmont, MN
Compared to national averages, Fairmont has a median household income of $59,228 (21% below the national median of $75,149). Home values average $168,800, which is 31% below the national median. Monthly rent at $717 is 38% below the US average of $1,163. Within Minnesota, Fairmont's income is 20% below the state average of $74,221, and home values are 17% below the state median of $204,472.
Why Live in Fairmont, MN?
Fairmont offers affordable housing with a median home value of $168,800, below the US average of $244,900, and rent that’s lower than the national average at $717/month, and short commute times averaging just 15.2 minutes.
Potential considerations include median household income ($59,228) 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 10,348 with a median age of 46.5 years. Compare Fairmont with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Fairmont
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hermantown | 10,192 | $92,026 | $374,000 | Compare |
| Little Canada | 10,546 | $71,370 | $302,600 | Compare |
| Detroit Lakes | 10,002 | $62,123 | $246,200 | Compare |
| Cambridge | 9,992 | $67,632 | $234,800 | Compare |
| Arden Hills | 9,737 | $128,668 | $423,800 | Compare |
| Victoria | 10,972 | $192,821 | $572,800 | Compare |
| St. Anthony city (Hennepin and Ramsey Counties), Minnesota | 9,516 | $97,784 | $365,700 | Compare |
| North Branch | 11,182 | $90,383 | $290,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
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, MN?
The population of Fairmont, MN is 10,348 according to the latest Census data.
What is the median household income in Fairmont?
The median household income in Fairmont, MN is $59,228 per year.
What is the median home value in Fairmont?
The median home value in Fairmont, MN is $168,800.
What is the average rent in Fairmont?
The median monthly rent in Fairmont, MN is $717.
What is the unemployment rate in Fairmont?
The unemployment rate in Fairmont, MN is 4.1%.