Fair Grove, MO
Population 1,551 · Missouri
About Fair Grove, MO
Fair Grove is a small town located in Missouri with a population of 1,551 residents according to the latest US Census Bureau American Community Survey data. The median household income is $71,447 per year, which is 5% below the national median of $75,149. The median age of 28.8 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 Fair Grove features a median home value of $189,200, which is 23% below the national median of $244,900. This positions Fair Grove in a moderately priced market relative to the rest of the country. Median monthly rent is $909, 22% below the national average of $1,163/month. Of the 571 total housing units, 74% are owner-occupied (416 units) and 26% are renter-occupied (144 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Fair Grove shows an unemployment rate of 4.8%, which is near the national rate of 3.7%. The poverty rate stands at 7.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Fair Grove have an average one-way commute time of 26.2 minutes.
Education & Demographics
24.4% of Fair Grove residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.2% White, 2.6% Hispanic or Latino, 0.0% Black or African American, and 0.2% Asian residents, with 0.6% of the population being foreign-born.
Cost of Living in Fair Grove, MO
Compared to national averages, Fair Grove has a median household income of $71,447 (5% below the national median of $75,149). Home values average $189,200, which is 23% below the national median. Monthly rent at $909 is 22% below the US average of $1,163. Within Missouri, Fair Grove's income is 17% above the state average of $61,047, and home values are 25% above the state median of $150,786.
Why Live in Fair Grove, MO?
Fair Grove offers affordable housing with a median home value of $189,200, below the US average of $244,900, and rent that’s lower than the national average at $909/month, and a low poverty rate of 7.0%, better than the national average.
Potential considerations include median household income ($71,447) that falls below the national average. However, Fair Grove’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Fair Grove has a population of 1,551 with a median age of 28.8 years. Compare Fair Grove with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Fair Grove
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Advance | 1,549 | $51,583 | $130,100 | Compare |
| Crane | 1,545 | $47,892 | $108,300 | Compare |
| Bismarck | 1,560 | $41,550 | $108,000 | Compare |
| Garden City | 1,539 | $63,625 | $165,200 | Compare |
| Cedar Hill | 1,568 | $66,076 | $180,300 | Compare |
| St. George | 1,568 | $72,974 | $149,800 | Compare |
| Leadwood | 1,524 | $44,167 | $64,000 | Compare |
| Senath | 1,578 | $38,304 | $92,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Missouri
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Fair Grove With Other Cities
Frequently Asked Questions about Fair Grove
What is the population of Fair Grove, MO?
The population of Fair Grove, MO is 1,551 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Missouri.
What is the median household income in Fair Grove?
The median household income in Fair Grove, MO is $71,447 per year, which is 5% below the national median of $75,149.
What is the median home value in Fair Grove?
The median home value in Fair Grove, MO is $189,200, which is 23% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Fair Grove?
The median monthly rent in Fair Grove, MO is $909, which is 22% below the national average of $1,163/month.
What is the unemployment rate in Fair Grove?
The unemployment rate in Fair Grove, MO is 4.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Fair Grove, MO a good place to live?
Fair Grove offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,551 and a median age of 28.8, the city appeals to young professionals and families.
How educated is Fair Grove, MO?
24.4% of residents in Fair Grove 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 Fair Grove?
Key cost-of-living indicators for Fair Grove, MO: median home value is $189,200 (23% below national), median rent is $909/month, and median household income is $71,447. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Fair Grove?
The poverty rate in Fair Grove, MO is 7.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Fair Grove, MO?
Fair Grove's population is 0.2% White, 2.6% Hispanic or Latino, 0.0% Black or African American, 0.2% Asian, and 0.3% two or more races. 0.6% of residents are foreign-born.