Fairmont, OK
Population 141 · Oklahoma
About Fairmont, OK
Fairmont is a small community located in Oklahoma with a population of 141 residents according to the latest US Census Bureau American Community Survey data. The median household income is $71,250 per year, which is 5% below the national median of $75,149. The median age of 44.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Fairmont features a median home value of $116,700, which is 52% below the national median of $244,900. This makes Fairmont one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 54 total housing units, 100% are owner-occupied (54 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Fairmont shows an unemployment rate of 4.0%, which is near the national rate of 3.7%. The poverty rate stands at 11.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Fairmont have an average one-way commute time of 19.1 minutes, one of the shorter commutes in the region.
Education & Demographics
5.1% of Fairmont 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 0.0% 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 Fairmont, OK
Compared to national averages, Fairmont has a median household income of $71,250 (5% below the national median of $75,149). Home values average $116,700, which is 52% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Oklahoma, Fairmont's income is 26% above the state average of $56,382, and home values are 3% below the state median of $119,992.
Why Live in Fairmont, OK?
Fairmont offers affordable housing with a median home value of $116,700, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a low poverty rate of 11.3%, better than the national average. Additionally, the city features short commute times averaging just 19.1 minutes.
Potential considerations include median household income ($71,250) 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 141 with a median age of 44.5 years. Compare Fairmont with other cities to see how it stacks up, or explore all cities in Oklahoma.
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Demographics
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Economy & Education
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Other Cities in Oklahoma
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, OK?
The population of Fairmont, OK is 141 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Oklahoma.
What is the median household income in Fairmont?
The median household income in Fairmont, OK is $71,250 per year, which is 5% below the national median of $75,149.
What is the median home value in Fairmont?
The median home value in Fairmont, OK is $116,700, which is 52% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Fairmont?
The median monthly rent in Fairmont, OK is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Fairmont?
The unemployment rate in Fairmont, OK is 4.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Fairmont, OK a good place to live?
Fairmont offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 141 and a median age of 44.5, the city appeals to a broad range of residents.
How educated is Fairmont, OK?
5.1% of residents in Fairmont 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 Fairmont?
Key cost-of-living indicators for Fairmont, OK: median home value is $116,700 (52% below national), median rent is $0/month, and median household income is $71,250. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Fairmont?
The poverty rate in Fairmont, OK is 11.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Fairmont, OK?
Fairmont's population is 0.0% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 5.7% two or more races. 0.0% of residents are foreign-born.