Living in Fairmount, North Dakota
Cost of living, income, home prices, rent and demographics of Fairmount · Census data 2020–2024
Fairmount has 292 residents with a median age of 45.4. The median household income is $59,375 (23% lower than the North Dakota median), the median home value is $93,800, the median rent is $525/month.
Fairmount is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Fairmount at a glance
- Population
- 292
- Median age
- 45.4State: 35.9
- Median household income
- $59,375State: $76,657
- Median home value
- $93,800State: $249,900
- Median rent
- $525/moState: $954
- Homeowners
- 90.3%
- Bachelor's degree or higher
- 14.4%
- Average commute
- 16 min
Is Fairmount a good place to live?
Pros: Home values 62% lower than the state median; an average commute of 16 minutes; a poverty rate of 10.3%.
Cons: Median household income 23% lower than the North Dakota median; unemployment of 4.9%.
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 $93,800, 72% lower than the U.S. median. Renters pay a median of $525 per month, which is 17.9% of household income. Homeowners with a mortgage pay $1,038 a month in housing costs.
Fairmount median household income
The median household income in Fairmount is $59,375 and the income per person is $38,482. 10.3% of residents live below the poverty line (North Dakota: 10.8%).
Housing in Fairmount: homes for sale and rent
- Housing units
- 174
- Owner-occupied
- 90.3%
- Renter-occupied
- 9.7%
- Vacant
- 16.7%Includes seasonal homes
- Median year built
- 1956
- Average household size
- 2.01
Fairmount demographics
- Population
- 292
- Median age
- 45.4
- Under 18
- 20.2%
- 65 and older
- 26.4%
- Households
- 145
- Foreign-born
- 2.7%
- Veterans
- 5.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Fairmount ›
Education in Fairmount
14.4% of adults 25 and older in Fairmount have a bachelor's degree or higher (North Dakota: 32.7%), and 4.2% have a graduate or professional degree.
Jobs and commute in Fairmount
- Unemployment rate
- 4.9%State: 2.8%
- Average commute
- 16 minState: 18 min
- Work from home
- 0.8%
- Drive alone
- 70.5%
- Public transit
- 0%
- Walk to work
- 2.3%
- Homes with broadband
- 91%
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, ND?
The median household income in Fairmount is $59,375, 23% lower than the North Dakota median of $76,657 (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 $93,800, compared with $249,900 in North Dakota.
How much is rent in Fairmount?
The median gross rent in Fairmount is $525 per month, about 17.9% of household income.
Is Fairmount, ND a good place to live?
Pluses: home values 62% lower than the state median; an average commute of 16 minutes; a poverty rate of 10.3%. Minuses: median household income 23% lower than the North Dakota median; unemployment of 4.9%.
What is the median age in Fairmount?
The median age in Fairmount is 45.4 years (North Dakota: 35.9).
How long is the commute in Fairmount?
The average commute to work in Fairmount is 16 minutes; 0.8% of workers work from home.
What is the unemployment rate in Fairmount?
The unemployment rate in Fairmount is 4.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fairmount?
14.4% 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.
Last updated: