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Fairmont city, Minnesota Demographics & Population 2026

As of 2026, Fairmont city, Minnesota has a total population of 10,348, the 99th largest city in Minnesota, with a median household income of $59,228, which is 32% lower than the state average. The poverty rate is 12.4%.

Key Takeaways

Fairmont city Quick Facts

Population 10,348
Median Household Income $59,228
Median Home Value $168,800
Poverty Rate 12.4%
Unemployment Rate 4.1%
Median Age 46.5 years
Homeownership Rate 65.8%
Affordability Ratio 2.9x
Bachelor's Degree or Higher 26.1%
High School Graduation Rate 94.4%
Diversity Index 26/100
Population 10,348 99th of 913
Median Income $59,228 below average
Poverty Rate 12.4% about average national
Median Home Value $168,800 average

How Fairmont city Compares

Economy & Housing

Employment

4.1% Unemployment Rate State: 3.9% | National: 5.2%
63.6% Labor Force Participation

Housing Overview

Owner 65.8%
Renter 34.2%
Affordability Index Very Affordable
2.9x home value to income ratio

People & Demographics

Diversity Index

26out of 100
Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 40 | National average: 60

Education

Fairmont city Rankings in Minnesota

#99 Population of 913
#584 Median Income of 913
#289 Education of 913
#427 Home Value of 913

Other Cities in Martin County

CityPopulationMedian IncomePovertyHome Value
Truman city 1,223 $59,095 9.9% $100,200
Welcome city 977 $55,357 13.2% $91,300
Sherburn city 946 $63,026 18.1% $97,900
Trimont city 658 $51,250 17.3% $83,900
Ceylon city 255 $32,206 9.5% $36,800
Granada city 231 $49,750 25.5% $88,500
Northrop city 212 $63,750 13.2% $118,800
Dunnell city 189 $29,408 1.1% $48,900

Cities Similar to Fairmont city

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Detroit Lakes city10,002$62,123$246,20032.4%10.2%
Grand Rapids city11,186$56,542$200,60030.0%17.6%
Cambridge city9,992$67,632$234,80018.5%10.6%
Little Canada city10,546$71,370$302,60039.1%10.1%
Waseca city9,209$61,546$185,60016.4%9.3%

Population Overview

Fairmont city is a small city located in Minnesota, within Martin County. The total population is 10,348. It ranks as the 99th most populous out of 913 cities and towns in Minnesota.

Age Demographics

The median age in Fairmont city is 46.5 years. This is 20% higher than the state median of 38.6 years. 11.8% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Fairmont city is $59,228. This is 32% lower than the state median of $87,556. Compared to the national median of $78,538, household income here is 25% lower. The poverty rate stands at 12.4%. This is 35% higher than the state poverty rate of 9.2%. The unemployment rate is 4.1%. This is 4% higher than the state rate of 3.9%. The median home value is $168,800. Housing costs are 45% lower than the state median of $305,500. With a home-value-to-income ratio of just 2.9x, Fairmont city is one of the most affordable housing markets in the area. 65.8% of occupied housing units are owner-occupied. This homeownership rate is 9% lower than the state average of 72.4%.

Race & Ethnicity

Fairmont city has a predominantly White (non-Hispanic) population, comprising 85.6% of all residents. Hispanic or Latino residents account for 9.1%. The Black or African American population (1.0%) is well below the state average of 6.7%. The Asian population (0.8%) is well below the state average of 5.0%.

Education

26.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 33% lower than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 94.4%.

Data Sources & Methodology

All demographic data for Fairmont city, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Fairmont city, Minnesota?

Fairmont city, Minnesota has a population of 10,348 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Fairmont city, MN?

The median household income in Fairmont city is $59,228, which is 25% lower the national median of $78,538.

What is the poverty rate in Fairmont city, MN?

The poverty rate in Fairmont city is 12.4%. This means approximately 1,267 residents live below the federal poverty line.

What is the racial makeup of Fairmont city, Minnesota?

Fairmont city's population is 85.6% White, 1.0% Black, 9.1% Hispanic/Latino, and 0.8% Asian.

What is the median home value in Fairmont city, MN?

The median home value in Fairmont city is $168,800. The home-value-to-income ratio is 2.9x.

How educated is Fairmont city, Minnesota?

26.1% of adults (25+) in Fairmont city hold a bachelor's degree or higher, and 10.5% hold a graduate or professional degree.