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The total population of Fairmont township is estimated to be 316 with 173 males (54.75%) and 143 females (45.25%). There are 30 less females than males in Fairmont township.
The median household income in Fairmont township was $88,162 in 2021, which marked an a decrease of 896(1.01%) from $89,058 in 2020. This income is 118.17% 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 township sees its highest median household income among householders in the age group of 45 to 64 years old, at $128,358. Overall, the median household income for the township of Fairmont township stands at $88,162.
In Fairmont township, the median income for all workers aged 15 years and older, regardless of work hours, was $56,917 for males and $34,229 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $64,855 for males and $70,259 for females.
In Fairmont township, population is primarily represented by White households, reporting a median income of $89,175.
In 2022, the population of Fairmont township was 304, a 1.30% decrease year-by-year from 2021. Previously, in 2021, Fairmont township's population was 308, an increase of 0.33% compared to a population of 307 in 2020.
The median age in Fairmont Township, Minnesota is 44.2, as per 2021 ACS 5-Year Estimates. Of the total population, 25.00% were under the age of 15, 12.05% aged 15 to 29, 40.06% aged 30 to 64, 22.29% aged 65 to 84, and 0.60% were 85 years of age and older.
Racial distribution of Fairmont township population: 98.19% are White and 1.81% are multiracial.