Living in Fairmount, Maryland
Cost of living, income, home prices, rent and demographics of Fairmount · Census data 2020–2024
Fairmount has 440 residents with a median age of 55.5. The median household income is $51,827 (50% lower than the Maryland median), the median home value is $146,200.
Fairmount is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Fairmount at a glance
- Population
- 440
- Median age
- 55.5State: 39.4
- Median household income
- $51,827State: $103,678
- Median home value
- $146,200State: $419,900
- Homeowners
- 79.2%
- Bachelor's degree or higher
- 22.3%
- Average commute
- 26 min
Is Fairmount a good place to live?
Pros: Home values 65% lower than the state median; an average commute of 26 minutes.
Cons: Median household income 50% lower than the Maryland median; unemployment of 25.3%; a poverty rate of 28.4%.
The weather is best in April–May and September–October.
Cost of living in Fairmount
Housing is the biggest part of the cost of living. In Fairmount the median home value is $146,200, 56% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,357 a month in housing costs.
Fairmount median household income
The median household income in Fairmount is $51,827 and the income per person is $27,535. 28.4% of residents live below the poverty line (Maryland: 9.4%).
Housing in Fairmount: homes for sale and rent
- Housing units
- 227
- Owner-occupied
- 79.2%
- Renter-occupied
- 20.8%
- Vacant
- 13.2%Includes seasonal homes
- Median year built
- 1983
- Average household size
- 2.23
Fairmount demographics
- Population
- 440
- Median age
- 55.5
- Under 18
- 7%
- 65 and older
- 40.7%
- Households
- 197
- Foreign-born
- 5.2%
- Veterans
- 8.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Fairmount ›
Education in Fairmount
22.3% of adults 25 and older in Fairmount have a bachelor's degree or higher (Maryland: 43.4%), and 13.9% have a graduate or professional degree.
Jobs and commute in Fairmount
- Unemployment rate
- 25.3%State: 4.9%
- Average commute
- 26 minState: 31 min
- Work from home
- 6.2%
- Drive alone
- 93.8%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 84.3%
Fairmount vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Fairmount | 440 | $51,827 | $146,200 | — |
| Dames Quarter | 226 | $83,750 | $232,000 | — |
| Deal Island | 341 | $22,404 | $134,800 | $1,615 |
| Chance | 230 | $66,711 | $259,100 | — |
| Crisfield | 2,499 | $50,139 | $137,900 | $766 |
| Mount Vernon | 1,067 | $113,938 | $163,500 | — |
| Princess Anne | 3,569 | $69,116 | $231,900 | $1,048 |
| Nanticoke | 434 | $94,189 | — | — |
More for people moving to Fairmount
Fairmount ZIP code ›Weather and climate ›Living in Fairmount: FAQ
What is the median household income in Fairmount, MD?
The median household income in Fairmount is $51,827, 50% lower than the Maryland median of $103,678 (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 $146,200, compared with $419,900 in Maryland.
Is Fairmount, MD a good place to live?
Pluses: home values 65% lower than the state median; an average commute of 26 minutes. Minuses: median household income 50% lower than the Maryland median; unemployment of 25.3%; a poverty rate of 28.4%.
What is the median age in Fairmount?
The median age in Fairmount is 55.5 years (Maryland: 39.4).
How long is the commute in Fairmount?
The average commute to work in Fairmount is 26 minutes; 6.2% of workers work from home.
What is the unemployment rate in Fairmount?
The unemployment rate in Fairmount is 25.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fairmount?
22.3% 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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