Fairmount, Indiana Demographics & Population 2026
During the 2020–2024 ACS period, Fairmount, Indiana had a total population of 2,662, the 192nd largest town in Indiana, with a median household income of $51,739, which is 28% lower than the state average. The poverty rate is 25.7%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- More than 1 in 4 residents live below the poverty line (25.7%), well above the national average of 12.4%.
- Housing is very affordable with a home-value-to-income ratio of just 2.0x.
Fairmount Quick Facts
How Fairmount Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 2,575 | 2,662 | +3.4% |
| Median household income | $45,163 | $51,739 | +14.6% |
| Median home value | $96,700 | $103,200 | +6.7% |
How Fairmount Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Fairmount Rankings in Indiana
Explore Indiana Rankings
Other Cities in Grant County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Marion | 27,531 | $43,343 | 29.6% | $85,300 |
| Gas City | 6,076 | $55,982 | 16.8% | $119,300 |
| Upland | 3,918 | $83,839 | 9.7% | $203,200 |
| Jonesboro | 1,578 | $45,833 | 16.3% | $79,500 |
| Sweetser | 1,061 | $80,625 | 11.8% | $153,400 |
| Swayzee | 846 | $65,391 | 10.8% | $121,000 |
| Converse | 813 | $65,536 | 18.9% | $103,800 |
| Van Buren | 782 | $47,692 | 19.7% | $69,800 |
| Matthews | 501 | $50,048 | 15.5% | $80,100 |
| Herbst | 309 | $40,366 | 20.4% | N/A |
Cities Similar to Fairmount
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Butler | 2,660 | $54,688 | $107,700 | 10.4% | 19.3% |
| Brookville | 2,643 | $55,938 | $180,700 | 18.7% | 8.7% |
| Bloomfield | 2,713 | $54,948 | $109,800 | 13.7% | 12.2% |
| Centerville | 2,772 | $49,688 | $149,200 | 13.1% | 14.2% |
| Lagrange | 2,790 | $54,492 | $150,100 | 12.5% | 13.1% |
Population Overview
Fairmount is a small community located in Indiana, within Grant County. The total population is 2,662. It ranks as the 192nd most populous out of 967 Census-designated places in Indiana.
Age Demographics
The median age in Fairmount is 33.4 years. This is 12% lower than the state median of 38.1 years. With 31.8% of the population under 18, Fairmount has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Fairmount is $51,739. This is 28% lower than the state median of $71,957. It is also 36% lower than the national median of $80,734. The poverty rate stands at 25.7%. This is 109% higher than the state poverty rate of 12.3%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 2.6%. This is 39% lower than the state rate of 4.3%. The median home value is $103,200. Housing costs are 53% lower than the state median of $218,200. With a home-value-to-income ratio of just 2.0x, Fairmount is one of the most affordable housing markets in the area. 78.3% of occupied housing units are owner-occupied. This homeownership rate is 11% higher than the state average of 70.5%.
Race & Ethnicity
Fairmount has a predominantly White (non-Hispanic) population, comprising 94.5% of all residents. Hispanic or Latino residents account for 1.4%. The Black or African American population (1.1%) is well below the state average of 9.1%. The Hispanic or Latino population (1.4%) is well below the state average of 8.6%.
Education
11.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 62% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 88.1%.
Data Sources & Methodology
All demographic data for Fairmount, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
Free data download: Get all Indiana city and county demographics as CSV. Download Cities CSV | Download Counties CSV
Frequently Asked Questions
What is the population of Fairmount, Indiana?
Fairmount, Indiana has a population of 2,662 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Fairmount, IN?
The median household income in Fairmount is $51,739, which is 36% lower than the national median of $80,734.
What is the poverty rate in Fairmount, IN?
The poverty rate in Fairmount is 25.7%. This means approximately 685 residents live below the federal poverty line.
What is the racial makeup of Fairmount, Indiana?
Fairmount's population is 94.5% White, 1.1% Black, 1.4% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Fairmount, IN?
The median home value in Fairmount is $103,200. The home-value-to-income ratio is 2.0x.
How educated is Fairmount, Indiana?
11.1% of adults (25+) in Fairmount hold a bachelor's degree or higher, and 3.1% hold a graduate or professional degree.