Living in Fairmont, Illinois
Cost of living, income, home prices, rent and demographics of Fairmont · Census data 2020–2024
Fairmont has 2,617 residents with a median age of 32.5. The median household income is $70,795 (15% lower than the Illinois median), the median home value is $182,300, the median rent is $1,455/month.
Fairmont at a glance
- Population
- 2,617
- Median age
- 32.5State: 39
- Median household income
- $70,795State: $83,390
- Median home value
- $182,300State: $263,300
- Median rent
- $1,455/moState: $1,274
- Homeowners
- 69.9%
- Bachelor's degree or higher
- 17.5%
- Average commute
- 23 min
Is Fairmont a good place to live?
Pros: Home values 31% lower than the state median; an average commute of 23 minutes.
Cons: Median household income 15% lower than the Illinois median; unemployment of 7.1%; a poverty rate of 15.6%.
The weather is best in June to September.
Cost of living in Fairmont
Housing is the biggest part of the cost of living. In Fairmont the median home value is $182,300, 45% lower than the U.S. median. Renters pay a median of $1,455 per month, which is 23.1% of household income. Homeowners with a mortgage pay $1,428 a month in housing costs.
Fairmont median household income
The median household income in Fairmont is $70,795 and the income per person is $26,216. 15.6% of residents live below the poverty line (Illinois: 11.8%).
Housing in Fairmont: homes for sale and rent
- Housing units
- 1,065
- Owner-occupied
- 69.9%
- Renter-occupied
- 30.1%
- Vacant
- 11.8%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 2.75
Fairmont demographics
- Population
- 2,617
- Median age
- 32.5
- Under 18
- 29.3%
- 65 and older
- 12.5%
- Households
- 939
- Foreign-born
- 17.1%
- Veterans
- 5.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Fairmont ›
Education in Fairmont
17.5% of adults 25 and older in Fairmont have a bachelor's degree or higher (Illinois: 37.8%), and 6.3% have a graduate or professional degree.
Jobs and commute in Fairmont
- Unemployment rate
- 7.1%State: 5.8%
- Average commute
- 23 minState: 28 min
- Work from home
- 3.7%
- Drive alone
- 76.2%
- Public transit
- 0%
- Walk to work
- 0.7%
- Homes with broadband
- 94%
Fairmont vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Fairmont | 2,617 | $70,795 | $182,300 | $1,455 |
| Ridgewood | 2,795 | $92,500 | $161,300 | $1,634 |
| Lockport | 26,409 | $111,981 | $316,000 | $1,525 |
| Bonnie Brae | 846 | $60,500 | $219,800 | $1,835 |
| Ingalls Park | 3,015 | $57,917 | $157,800 | $1,408 |
| Crest Hill | 20,628 | $73,033 | $232,900 | $1,481 |
| Sunnyland | 1,231 | $90,813 | $167,800 | $1,926 |
| Lockport Heights | 890 | $78,211 | $192,200 | — |
| Preston Heights | 2,449 | $51,625 | $144,100 | $1,197 |
More for people moving to Fairmont
Fairmont ZIP code ›Weather and climate ›Living in Fairmont: FAQ
What is the median household income in Fairmont, IL?
The median household income in Fairmont is $70,795, 15% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Fairmont?
The median home value in Fairmont is $182,300, compared with $263,300 in Illinois.
How much is rent in Fairmont?
The median gross rent in Fairmont is $1,455 per month, about 23.1% of household income.
Is Fairmont, IL a good place to live?
Pluses: home values 31% lower than the state median; an average commute of 23 minutes. Minuses: median household income 15% lower than the Illinois median; unemployment of 7.1%; a poverty rate of 15.6%.
What is the median age in Fairmont?
The median age in Fairmont is 32.5 years (Illinois: 39).
How long is the commute in Fairmont?
The average commute to work in Fairmont is 23 minutes; 3.7% of workers work from home.
What is the unemployment rate in Fairmont?
The unemployment rate in Fairmont is 7.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fairmont?
17.5% of adults in Fairmont have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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