Living in Fairmont, Nebraska
Cost of living, income, home prices, rent and demographics of Fairmont · Census data 2020–2024
Fairmont has 635 residents with a median age of 59. The median household income is $73,750 (4% lower than the Nebraska median), the median home value is $73,600, the median rent is $685/month.
Fairmont is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Fairmont at a glance
- Population
- 635
- Median age
- 59State: 37.2
- Median household income
- $73,750State: $76,475
- Median home value
- $73,600State: $238,600
- Median rent
- $685/moState: $1,072
- Homeowners
- 83.9%
- Bachelor's degree or higher
- 9.1%
- Average commute
- 20 min
Is Fairmont a good place to live?
Pros: Home values 69% lower than the state median.
Cons: Median household income 4% lower than the Nebraska median; an average commute of 20 minutes; a poverty rate of 15.5%.
The weather is best in May–June and August–September.
Cost of living in Fairmont
Housing is the biggest part of the cost of living. In Fairmont the median home value is $73,600, 78% lower than the U.S. median. Renters pay a median of $685 per month, which is 27.2% of household income. Homeowners with a mortgage pay $975 a month in housing costs.
Fairmont median household income
The median household income in Fairmont is $73,750 and the income per person is $35,844. 15.5% of residents live below the poverty line (Nebraska: 10.6%).
Housing in Fairmont: homes for sale and rent
- Housing units
- 321
- Owner-occupied
- 83.9%
- Renter-occupied
- 16.1%
- Vacant
- 5.3%Includes seasonal homes
- Median year built
- 1946
- Average household size
- 1.97
Fairmont demographics
- Population
- 635
- Median age
- 59
- Under 18
- 13.7%
- 65 and older
- 38.3%
- Households
- 304
- Foreign-born
- 0.9%
- Veterans
- 9.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Fairmont ›
Education in Fairmont
9.1% of adults 25 and older in Fairmont have a bachelor's degree or higher (Nebraska: 34.6%), and 2.2% have a graduate or professional degree.
Jobs and commute in Fairmont
- Unemployment rate
- 0%State: 3%
- Average commute
- 20 minState: 19 min
- Work from home
- 3%
- Drive alone
- 80.5%
- Public transit
- 0%
- Walk to work
- 1.9%
- Homes with broadband
- 71.4%
Fairmont vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Fairmont | 635 | $73,750 | $73,600 | $685 |
| Grafton | 160 | $71,667 | $95,600 | — |
| Geneva | 2,193 | $80,398 | $169,100 | $734 |
| Exeter | 562 | $62,917 | $116,000 | $936 |
| McCool Junction | 718 | $118,438 | $149,500 | $910 |
| Cordova | 131 | $49,250 | $78,700 | — |
| Milligan | 296 | $65,357 | $101,500 | $650 |
| Sutton | 1,323 | $81,313 | $155,600 | $923 |
| Henderson | 1,049 | $82,500 | $154,800 | — |
More for people moving to Fairmont
Fairmont ZIP code ›Weather and climate ›Living in Fairmont: FAQ
What is the median household income in Fairmont, NE?
The median household income in Fairmont is $73,750, 4% lower than the Nebraska median of $76,475 (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 $73,600, compared with $238,600 in Nebraska.
How much is rent in Fairmont?
The median gross rent in Fairmont is $685 per month, about 27.2% of household income.
Is Fairmont, NE a good place to live?
Pluses: home values 69% lower than the state median. Minuses: median household income 4% lower than the Nebraska median; an average commute of 20 minutes; a poverty rate of 15.5%.
What is the median age in Fairmont?
The median age in Fairmont is 59 years (Nebraska: 37.2).
How long is the commute in Fairmont?
The average commute to work in Fairmont is 20 minutes; 3% of workers work from home.
What is the unemployment rate in Fairmont?
The unemployment rate in Fairmont is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fairmont?
9.1% 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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