Fairmont, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, Fairmont, Minnesota had a total population of 10,296, the 100th largest city in Minnesota, with a median household income of $53,084, which is 40% lower than the state average. The poverty rate is 15.3%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 40% below the state average, indicating significant economic challenges.
Fairmont Quick Facts
How Fairmont 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 | 10,348 | 10,296 | -0.5% |
| Median household income | $59,228 | $53,084 | -10.4% |
| Median home value | $168,800 | $169,900 | +0.7% |
How Fairmont 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+)
Fairmont Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Martin County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Truman | 1,212 | $61,188 | 10.9% | $106,400 |
| Sherburn | 1,015 | $59,777 | 22.7% | $106,900 |
| Welcome | 978 | $49,167 | 18.3% | $101,600 |
| Trimont | 546 | $49,196 | 15.2% | $98,800 |
| Ceylon | 259 | $40,208 | 15.2% | $43,500 |
| Granada | 243 | $70,000 | 19.3% | $93,800 |
| Northrop | 240 | $67,083 | 9.6% | $136,300 |
| Dunnell | 177 | $31,786 | 1.1% | $51,300 |
| Ormsby | 136 | $80,625 | 10.3% | $75,000 |
Cities Similar to Fairmont
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Detroit Lakes | 10,025 | $62,958 | $265,800 | 32.8% | 16.6% |
| Cambridge | 10,307 | $69,154 | $251,600 | 18.8% | 10.4% |
| Grand Rapids | 11,207 | $61,029 | $213,800 | 28.8% | 15.5% |
| Little Falls | 9,121 | $47,863 | $202,600 | 22.6% | 18.7% |
| Waseca | 9,164 | $64,074 | $189,200 | 17.2% | 9.5% |
Population Overview
Fairmont is a small city located in Minnesota, within Martin County. The total population is 10,296. It ranks as the 100th most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in Fairmont is 46.6 years. This is 20% higher than the state median of 38.8 years. 12.0% 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 is $53,084. This is 40% lower than the state median of $89,062. It is also 34% lower than the national median of $80,734. The poverty rate stands at 15.3%. This is 64% higher than the state poverty rate of 9.3%. The unemployment rate is 3.1%. This is 25% lower than the state rate of 4.1%. The median home value is $169,900. Housing costs are 48% lower than the state median of $329,300. The home-value-to-income ratio is 3.2x. 60.9% of occupied housing units are owner-occupied. This homeownership rate is 16% lower than the state average of 72.2%.
Race & Ethnicity
Fairmont has a predominantly White (non-Hispanic) population, comprising 85.8% of all residents. Hispanic or Latino residents account for 8.8%. The Black or African American population (1.1%) is well below the state average of 7.0%. The Asian population (0.6%) is well below the state average of 5.1%.
Education
25.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 35% lower than the state rate of 39.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.2%.
Data Sources & Methodology
All demographic data for Fairmont, Minnesota 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 Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 914 Census-designated places in Minnesota. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Fairmont, Minnesota?
Fairmont, Minnesota has a population of 10,296 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Fairmont, MN?
The median household income in Fairmont is $53,084, which is 34% lower than the national median of $80,734.
What is the poverty rate in Fairmont, MN?
The poverty rate in Fairmont is 15.3%. This means approximately 1,557 residents live below the federal poverty line.
What is the racial makeup of Fairmont, Minnesota?
Fairmont's population is 85.8% White, 1.1% Black, 8.8% Hispanic/Latino, and 0.6% Asian.
What is the median home value in Fairmont, MN?
The median home value in Fairmont is $169,900. The home-value-to-income ratio is 3.2x.
How educated is Fairmont, Minnesota?
25.7% of adults (25+) in Fairmont hold a bachelor's degree or higher, and 9.0% hold a graduate or professional degree.