Living in Fairmount, Indiana
Cost of living, income, home prices, rent and demographics of Fairmount · Census data 2020–2024
Fairmount has 2,662 residents with a median age of 33.4. The median household income is $51,739 (28% lower than the Indiana median), the median home value is $103,200, the median rent is $1,026/month.
Fairmount at a glance
- Population
- 2,662
- Median age
- 33.4State: 38.1
- Median household income
- $51,739State: $71,957
- Median home value
- $103,200State: $218,200
- Median rent
- $1,026/moState: $1,062
- Homeowners
- 78.3%
- Bachelor's degree or higher
- 11.1%
- Average commute
- 24 min
Is Fairmount a good place to live?
Pros: Home values 53% lower than the state median; an average commute of 24 minutes; unemployment of 2.6%.
Cons: Median household income 28% lower than the Indiana median; a poverty rate of 25.7%.
The weather is best in June to September.
Cost of living in Fairmount
Housing is the biggest part of the cost of living. In Fairmount the median home value is $103,200, 69% lower than the U.S. median. Renters pay a median of $1,026 per month, which is 28.4% of household income. Homeowners with a mortgage pay $1,240 a month in housing costs.
Fairmount median household income
The median household income in Fairmount is $51,739 and the income per person is $22,905. 25.7% of residents live below the poverty line (Indiana: 12.3%).
Housing in Fairmount: homes for sale and rent
- Housing units
- 1,096
- Owner-occupied
- 78.3%
- Renter-occupied
- 21.7%
- Vacant
- 7.8%Includes seasonal homes
- Median year built
- 1952
- Average household size
- 2.64
Fairmount demographics
- Population
- 2,662
- Median age
- 33.4
- Under 18
- 31.8%
- 65 and older
- 20.2%
- Households
- 1,010
- Foreign-born
- 0%
- Veterans
- 6.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Fairmount ›
Education in Fairmount
11.1% of adults 25 and older in Fairmount have a bachelor's degree or higher (Indiana: 29.5%), and 3.1% have a graduate or professional degree.
Jobs and commute in Fairmount
- Unemployment rate
- 2.6%State: 4.3%
- Average commute
- 24 minState: 24 min
- Work from home
- 2.6%
- Drive alone
- 82.5%
- Public transit
- 1.8%
- Walk to work
- 6.1%
- Homes with broadband
- 89.5%
Fairmount vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Fairmount | 2,662 | $51,739 | $103,200 | $1,026 |
| Fowlerton | 185 | $52,679 | $91,900 | $814 |
| Jonesboro | 1,578 | $45,833 | $79,500 | $975 |
| Summitville | 1,104 | $52,946 | $101,600 | $760 |
| Gas City | 6,076 | $55,982 | $119,300 | $901 |
| Matthews | 501 | $50,048 | $80,100 | $867 |
| Upland | 3,918 | $83,839 | $203,200 | $982 |
| Marion | 27,531 | $43,343 | $85,300 | $805 |
| Herbst | 309 | $40,366 | — | — |
More for people moving to Fairmount
Fairmount ZIP code ›Weather and climate ›Living in Fairmount: FAQ
What is the median household income in Fairmount, IN?
The median household income in Fairmount is $51,739, 28% lower than the Indiana median of $71,957 (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 $103,200, compared with $218,200 in Indiana.
How much is rent in Fairmount?
The median gross rent in Fairmount is $1,026 per month, about 28.4% of household income.
Is Fairmount, IN a good place to live?
Pluses: home values 53% lower than the state median; an average commute of 24 minutes; unemployment of 2.6%. Minuses: median household income 28% lower than the Indiana median; a poverty rate of 25.7%.
What is the median age in Fairmount?
The median age in Fairmount is 33.4 years (Indiana: 38.1).
How long is the commute in Fairmount?
The average commute to work in Fairmount is 24 minutes; 2.6% of workers work from home.
What is the unemployment rate in Fairmount?
The unemployment rate in Fairmount is 2.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fairmount?
11.1% 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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