Fairmount, TN
Population 1,932 · Tennessee
About Fairmount, TN
Fairmount is a small town located in Tennessee with a population of 1,932 residents according to the latest US Census Bureau American Community Survey data. The median household income is $133,232 per year, which is 77% above the national median of $75,149. The median age of 45.1 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 Fairmount features a median home value of $482,700, which is 97% above the national median of $244,900. This places Fairmount in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,443, 24% above the national average of $1,163/month. Of the 757 total housing units, 91% are owner-occupied (665 units) and 9% are renter-occupied (67 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Fairmount shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Fairmount have an average one-way commute time of 27.4 minutes.
Education & Demographics
51.8% of Fairmount residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 2.6% White, 2.8% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.3% of the population being foreign-born.
How Fairmount Ranks in Tennessee
Cost of Living in Fairmount, TN
Compared to national averages, Fairmount has a median household income of $133,232 (77% above the national median of $75,149). Home values average $482,700, which is 97% above the national median. Monthly rent at $1,443 is 24% above the US average of $1,163. Within Tennessee, Fairmount's income is 112% above the state average of $62,849, and home values are 125% above the state median of $214,371.
Why Live in Fairmount, TN?
Fairmount offers a strong local economy with a median household income of $133,232, well above the national average, and a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 51.8% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.7%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $482,700. However, Fairmount’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Fairmount has a population of 1,932 with a median age of 45.1 years. Compare Fairmount with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Fairmount
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| New Johnsonville | 1,930 | $75,114 | $138,200 | Compare |
| Tracy City | 1,924 | $38,250 | $116,000 | Compare |
| Berry Hill | 1,944 | $76,709 | $513,700 | Compare |
| Central | 1,944 | $42,292 | $126,700 | Compare |
| Troy | 1,915 | $52,656 | $110,800 | Compare |
| Valley Forge | 1,900 | $50,259 | $145,500 | Compare |
| Three Way | 1,965 | $91,845 | $231,200 | Compare |
| Halls | 1,984 | $40,735 | $100,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Tennessee
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, TN?
The population of Fairmount, TN is 1,932 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Tennessee.
What is the median household income in Fairmount?
The median household income in Fairmount, TN is $133,232 per year, which is 77% above the national median of $75,149.
What is the median home value in Fairmount?
The median home value in Fairmount, TN is $482,700, which is 97% above 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, TN is $1,443, which is 24% above the national average of $1,163/month.
What is the unemployment rate in Fairmount?
The unemployment rate in Fairmount, TN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Fairmount, TN a good place to live?
Fairmount offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,932 and a median age of 45.1, the city appeals to established professionals and retirees.
How educated is Fairmount, TN?
51.8% 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, TN: median home value is $482,700 (97% above national), median rent is $1,443/month, and median household income is $133,232. The home-value-to-income ratio is 3.6x, a moderate figure by national standards.
What is the poverty rate in Fairmount?
The poverty rate in Fairmount, TN is 3.7%, 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, TN?
Fairmount's population is 2.6% White, 2.8% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.3% of residents are foreign-born.