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The total population of Fairmount is estimated to be 2,582 with 1,358 males (52.59%) and 1,224 females (47.41%). There are 134 less females than males in Fairmount.
The median household income in Fairmount was $42,874 in 2021, which marked an a decrease of 4,082(8.69%) from $46,956 in 2020. This income is 57.47% 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, Fairmount sees its highest median household income among householders in the age group of under 25 years old, at $51,644. Overall, the median household income for the town of Fairmount stands at $42,874.
In Fairmount, the median income for all workers aged 15 years and older, regardless of work hours, was $31,295 for males and $18,554 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $40,461 for males and $43,012 for females.
In Fairmount, there are just two different racial groups among households. Among these, Two or More Races households report a median household income of $79,650, while White households have a median household income of $41,358.
In 2022, the population of Fairmount was 2,649, a 0.34% decrease year-by-year from 2021. Previously, in 2021, Fairmount's population was 2,658, a decline of 0.45% compared to a population of 2,670 in 2020.
The median age in Fairmount, IN is 38.3, as per 2021 ACS 5-Year Estimates. Of the total population, 23.50% were under the age of 15, 14.33% aged 15 to 29, 44.77% aged 30 to 64, 16.64% aged 65 to 84, and 0.76% were 85 years of age and older.
Racial distribution of Fairmount population: 94.77% are White, 2.01% are some other race and 3.22% are multiracial.