Living in Fairmount, Tennessee
Cost of living, income, home prices, rent and demographics of Fairmount · Census data 2020–2024
Fairmount has 2,110 residents with a median age of 43.3. The median household income is $137,317 (97% higher than the Tennessee median), the median home value is $464,500, the median rent is $1,675/month.
Fairmount at a glance
- Population
- 2,110
- Median age
- 43.3State: 38.9
- Median household income
- $137,317State: $69,595
- Median home value
- $464,500State: $286,700
- Median rent
- $1,675/moState: $1,189
- Homeowners
- 88.9%
- Bachelor's degree or higher
- 49.6%
- Average commute
- 27 min
Is Fairmount a good place to live?
Pros: Median household income 97% higher than the Tennessee median; unemployment of 0%; a poverty rate of 3.7%.
Cons: Home values 62% higher than the state median; an average commute of 27 minutes.
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 $464,500, 40% higher than the U.S. median. Renters pay a median of $1,675 per month, which is 14% of household income. Homeowners with a mortgage pay $2,061 a month in housing costs.
Fairmount median household income
The median household income in Fairmount is $137,317 and the income per person is $63,544. 3.7% of residents live below the poverty line (Tennessee: 13.8%).
Housing in Fairmount: homes for sale and rent
- Housing units
- 787
- Owner-occupied
- 88.9%
- Renter-occupied
- 11.1%
- Vacant
- 2.7%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.75
Fairmount demographics
- Population
- 2,110
- Median age
- 43.3
- Under 18
- 29.2%
- 65 and older
- 18.2%
- Households
- 766
- Foreign-born
- 0.7%
- Veterans
- 7.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Fairmount ›
Education in Fairmount
49.6% of adults 25 and older in Fairmount have a bachelor's degree or higher (Tennessee: 31.1%), and 17.8% have a graduate or professional degree.
Jobs and commute in Fairmount
- Unemployment rate
- 0%State: 4.7%
- Average commute
- 27 minState: 26 min
- Work from home
- 26.8%
- Drive alone
- 67.4%
- Public transit
- 0%
- Walk to work
- 1.5%
- Homes with broadband
- 96%
Fairmount vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Fairmount | 2,110 | $137,317 | $464,500 | $1,675 |
| Walden | 1,845 | $124,493 | $679,900 | $1,537 |
| Lone Oak | 1,422 | $40,781 | $257,500 | $687 |
| Signal Mountain | 8,860 | $141,008 | $544,300 | $1,852 |
| Falling Water | 2,315 | $111,842 | $420,600 | — |
| Red Bank | 12,010 | $63,983 | $269,400 | $1,283 |
| Middle Valley | 12,187 | $95,000 | $319,400 | $1,180 |
| Mowbray Mountain | 1,721 | $93,293 | $390,400 | $927 |
| Powells Crossroads | 1,498 | $67,549 | $187,800 | $1,090 |
More for people moving to Fairmount
Fairmount ZIP code ›Weather and climate ›Living in Fairmount: FAQ
What is the median household income in Fairmount, TN?
The median household income in Fairmount is $137,317, 97% higher than the Tennessee median of $69,595 (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 $464,500, compared with $286,700 in Tennessee.
How much is rent in Fairmount?
The median gross rent in Fairmount is $1,675 per month, about 14% of household income.
Is Fairmount, TN a good place to live?
Pluses: median household income 97% higher than the Tennessee median; unemployment of 0%; a poverty rate of 3.7%. Minuses: home values 62% higher than the state median; an average commute of 27 minutes.
What is the median age in Fairmount?
The median age in Fairmount is 43.3 years (Tennessee: 38.9).
How long is the commute in Fairmount?
The average commute to work in Fairmount is 27 minutes; 26.8% of workers work from home.
What is the unemployment rate in Fairmount?
The unemployment rate in Fairmount is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fairmount?
49.6% 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: