Fairmount, NY
Population 9,998 · New York
About Fairmount, NY
Fairmount is a small town located in New York with a population of 9,998 residents according to the latest US Census Bureau American Community Survey data. The median household income is $82,968 per year, which is 10% above the national median of $75,149. The median age of 40.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Fairmount features a median home value of $173,400, which is 29% below the national median of $244,900. This positions Fairmount in a moderately priced market relative to the rest of the country. Median monthly rent is $1,226, 5% above the national average of $1,163/month. Of the 4,491 total housing units, 80% are owner-occupied (3,344 units) and 20% are renter-occupied (827 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Fairmount shows an unemployment rate of 1.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Fairmount have an average one-way commute time of 21.2 minutes.
Education & Demographics
39.7% of Fairmount 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 0.5% White, 1.0% Hispanic or Latino, 0.6% Black or African American, and 2.7% Asian residents, with 7.3% of the population being foreign-born.
Cost of Living in Fairmount, NY
Compared to national averages, Fairmount has a median household income of $82,968 (10% above the national median of $75,149). Home values average $173,400, which is 29% below the national median. Monthly rent at $1,226 is 5% above the US average of $1,163. Within New York, Fairmount's income is 14% below the state average of $96,987, and home values are 55% below the state median of $387,181.
Why Live in Fairmount, NY?
Fairmount offers a strong local economy with a median household income of $82,968, well above the national average, and affordable housing with a median home value of $173,400, below the US average of $244,900, and a strong job market with an unemployment rate of just 1.7%. Additionally, the city features a well-educated community where 39.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 7.3%, better than the national average, and short commute times averaging just 21.2 minutes.
Fairmount has a population of 9,998 with a median age of 40.7 years. Compare Fairmount with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Fairmount
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| North Gates | 10,014 | $75,257 | $153,500 | Compare |
| West Glens Falls | 9,967 | $97,333 | $256,100 | Compare |
| East Rockaway | 10,064 | $112,415 | $623,500 | Compare |
| Airmont | 10,082 | $101,868 | $649,300 | Compare |
| Rye Brook | 9,884 | $236,968 | $970,900 | Compare |
| Lancaster | 10,127 | $63,902 | $186,300 | Compare |
| South Huntington | 10,150 | $151,078 | $614,200 | Compare |
| Fort Salonga | 10,203 | $182,165 | $843,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
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, NY?
The population of Fairmount, NY is 9,998 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Fairmount?
The median household income in Fairmount, NY is $82,968 per year, which is 10% above the national median of $75,149.
What is the median home value in Fairmount?
The median home value in Fairmount, NY is $173,400, which is 29% 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, NY is $1,226, which is 5% above the national average of $1,163/month.
What is the unemployment rate in Fairmount?
The unemployment rate in Fairmount, NY is 1.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Fairmount, NY a good place to live?
Fairmount offers above-average incomes, affordable housing, and a strong job market. With a population of 9,998 and a median age of 40.7, the city appeals to a broad range of residents.
How educated is Fairmount, NY?
39.7% of residents in Fairmount aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Fairmount?
Key cost-of-living indicators for Fairmount, NY: median home value is $173,400 (29% below national), median rent is $1,226/month, and median household income is $82,968. 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, NY is 7.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Fairmount, NY?
Fairmount's population is 0.5% White, 1.0% Hispanic or Latino, 0.6% Black or African American, 2.7% Asian, and 2.3% two or more races. 7.3% of residents are foreign-born.