Living in Fairfax, Minnesota
Cost of living, income, home prices, rent and demographics of Fairfax · Census data 2020–2024
Fairfax has 1,088 residents with a median age of 40.9. The median household income is $60,172 (32% lower than the Minnesota median), the median home value is $116,300, the median rent is $432/month.
Fairfax is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Fairfax at a glance
- Population
- 1,088
- Median age
- 40.9State: 38.8
- Median household income
- $60,172State: $89,062
- Median home value
- $116,300State: $329,300
- Median rent
- $432/moState: $1,280
- Homeowners
- 79.7%
- Bachelor's degree or higher
- 9.2%
- Average commute
- 25 min
Is Fairfax a good place to live?
Pros: Home values 65% lower than the state median; unemployment of 1.9%.
Cons: Median household income 32% lower than the Minnesota median; an average commute of 25 minutes; a poverty rate of 19.6%.
The weather is best in June to September.
Cost of living in Fairfax
Housing is the biggest part of the cost of living. In Fairfax the median home value is $116,300, 65% lower than the U.S. median. Renters pay a median of $432 per month, which is 30.2% of household income. Homeowners with a mortgage pay $1,207 a month in housing costs.
Fairfax median household income
The median household income in Fairfax is $60,172 and the income per person is $28,503. 19.6% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Fairfax: homes for sale and rent
- Housing units
- 453
- Owner-occupied
- 79.7%
- Renter-occupied
- 20.3%
- Vacant
- 9.9%Includes seasonal homes
- Median year built
- 1951
- Average household size
- 2.47
Fairfax demographics
- Population
- 1,088
- Median age
- 40.9
- Under 18
- 24.5%
- 65 and older
- 24.3%
- Households
- 408
- Foreign-born
- 9.5%
- Veterans
- 5%Adults 18+
Hispanic or Latino can be of any race. Population history of Fairfax ›
Education in Fairfax
9.2% of adults 25 and older in Fairfax have a bachelor's degree or higher (Minnesota: 39.4%), and 0.8% have a graduate or professional degree.
Jobs and commute in Fairfax
- Unemployment rate
- 1.9%State: 4.1%
- Average commute
- 25 minState: 23 min
- Work from home
- 4.5%
- Drive alone
- 68.8%
- Public transit
- 0%
- Walk to work
- 6%
- Homes with broadband
- 84.8%
Fairfax vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Fairfax | 1,088 | $60,172 | $116,300 | $432 |
| Franklin | 526 | $51,500 | $89,800 | $838 |
| Gibbon | 918 | $55,278 | $102,700 | $950 |
| Morgan | 925 | $55,833 | $117,400 | $1,018 |
| Morton | 384 | $53,036 | $78,100 | $825 |
| Hector | 1,130 | $63,362 | $132,000 | $1,125 |
| Buffalo Lake | 635 | $66,167 | $113,400 | $759 |
| Sleepy Eye | 3,444 | $66,911 | $147,600 | $782 |
| Lafayette | 484 | $88,750 | $155,800 | $980 |
More for people moving to Fairfax
Fairfax ZIP code ›Weather and climate ›Living in Fairfax: FAQ
What is the median household income in Fairfax, MN?
The median household income in Fairfax is $60,172, 32% lower than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Fairfax?
The median home value in Fairfax is $116,300, compared with $329,300 in Minnesota.
How much is rent in Fairfax?
The median gross rent in Fairfax is $432 per month, about 30.2% of household income.
Is Fairfax, MN a good place to live?
Pluses: home values 65% lower than the state median; unemployment of 1.9%. Minuses: median household income 32% lower than the Minnesota median; an average commute of 25 minutes; a poverty rate of 19.6%.
What is the median age in Fairfax?
The median age in Fairfax is 40.9 years (Minnesota: 38.8).
How long is the commute in Fairfax?
The average commute to work in Fairfax is 25 minutes; 4.5% of workers work from home.
What is the unemployment rate in Fairfax?
The unemployment rate in Fairfax is 1.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fairfax?
9.2% of adults in Fairfax 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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