Living in Fairmount, Illinois
Cost of living, income, home prices, rent and demographics of Fairmount · Census data 2020–2024
Fairmount has 555 residents with a median age of 43.9. The median household income is $60,500 (27% lower than the Illinois median), the median home value is $87,600, the median rent is $783/month.
Fairmount is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Fairmount at a glance
- Population
- 555
- Median age
- 43.9State: 39
- Median household income
- $60,500State: $83,390
- Median home value
- $87,600State: $263,300
- Median rent
- $783/moState: $1,274
- Homeowners
- 79.4%
- Bachelor's degree or higher
- 13.6%
- Average commute
- 26 min
Is Fairmount a good place to live?
Pros: Home values 67% lower than the state median; an average commute of 26 minutes; unemployment of 3%.
Cons: Median household income 27% lower than the Illinois median; a poverty rate of 13.1%.
The weather is best in May–June and August–September.
Cost of living in Fairmount
Housing is the biggest part of the cost of living. In Fairmount the median home value is $87,600, 74% lower than the U.S. median. Renters pay a median of $783 per month, which is 31.4% of household income. Homeowners with a mortgage pay $1,250 a month in housing costs.
Fairmount median household income
The median household income in Fairmount is $60,500 and the income per person is $32,150. 13.1% of residents live below the poverty line (Illinois: 11.8%).
Housing in Fairmount: homes for sale and rent
- Housing units
- 255
- Owner-occupied
- 79.4%
- Renter-occupied
- 20.6%
- Vacant
- 2.7%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 2.24
Fairmount demographics
- Population
- 555
- Median age
- 43.9
- Under 18
- 21.3%
- 65 and older
- 23.4%
- Households
- 248
- Foreign-born
- 0%
- Veterans
- 16.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Fairmount ›
Education in Fairmount
13.6% of adults 25 and older in Fairmount have a bachelor's degree or higher (Illinois: 37.8%), and 3.3% have a graduate or professional degree.
Jobs and commute in Fairmount
- Unemployment rate
- 3%State: 5.8%
- Average commute
- 26 minState: 28 min
- Work from home
- 8.5%
- Drive alone
- 85.4%
- Public transit
- 0%
- Walk to work
- 2.7%
- Homes with broadband
- 87.1%
Fairmount vs nearby towns
More for people moving to Fairmount
Fairmount ZIP code ›Weather and climate ›Living in Fairmount: FAQ
What is the median household income in Fairmount, IL?
The median household income in Fairmount is $60,500, 27% 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 Fairmount?
The median home value in Fairmount is $87,600, compared with $263,300 in Illinois.
How much is rent in Fairmount?
The median gross rent in Fairmount is $783 per month, about 31.4% of household income.
Is Fairmount, IL a good place to live?
Pluses: home values 67% lower than the state median; an average commute of 26 minutes; unemployment of 3%. Minuses: median household income 27% lower than the Illinois median; a poverty rate of 13.1%.
What is the median age in Fairmount?
The median age in Fairmount is 43.9 years (Illinois: 39).
How long is the commute in Fairmount?
The average commute to work in Fairmount is 26 minutes; 8.5% of workers work from home.
What is the unemployment rate in Fairmount?
The unemployment rate in Fairmount is 3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fairmount?
13.6% of adults in Fairmount 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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