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The total population of Fairmont is estimated to be 10,411 with 5,225 males (50.19%) and 5,186 females (49.81%). There are 39 less females than males in Fairmont.
The median household income in Fairmont was $57,261 in 2021, which marked an an increase of 1,282(2.29%) from $55,979 in 2020. This income is 76.75% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Fairmont sees its highest median household income among householders in the age group of 45 to 64 years old, at $79,466. Overall, the median household income for the city of Fairmont stands at $57,261.
In Fairmont, the median income for all workers aged 15 years and older, regardless of work hours, was $46,555 for males and $28,778 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $58,918 for males and $46,934 for females.
In Fairmont, there are just two different racial groups among households. Among these, White households report a median household income of $58,048, while Two or More Races households have a median household income of $48,207.
In 2022, the population of Fairmont was 10,260, a 1.33% decrease year-by-year from 2021. Previously, in 2021, Fairmont's population was 10,398, a decline of 0.54% compared to a population of 10,454 in 2020.
The median age in Fairmont, MN is 45.6, as per 2021 ACS 5-Year Estimates. Of the total population, 17.82% were under the age of 15, 14.87% aged 15 to 29, 46.26% aged 30 to 64, 17.06% aged 65 to 84, and 3.99% were 85 years of age and older.
Racial distribution of Fairmont population: 93.96% are White, 0.46% are Black or African American, 0.05% are American Indian and Alaska Native, 0.42% are Asian, 2.63% are some other race and 2.48% are multiracial.