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Fairmont, Nebraska

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
635
Population
$73,750
Median Income
$73,600
Home Value
59.0
Median Age

Demographics

Fairmont has a population of 635 with a median age of 59.0. Here is the racial and ethnic breakdown of the population:

White
97.6%
Hispanic
3.1%
Black
0.6%
Demographic Value
Total Population635
Median Age59.0
White97.6%
Black or African American0.6%
Asian0.2%
Hispanic or Latino3.1%
Fairmont, Nebraska — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 102.White: 96.2%Hispanic/Latino: 3.1%Other: 0.8%635PopulationWhiteWhite96.2%Hispanic/LatinoHispanic/Latino3.1%OtherOther0.8%

Income & Economy

The median household income in Fairmont is $73,750, which is 8.5% below the national median of $80,610. The per capita income is $35,844. The poverty rate is 15.5%.

$73,750
Median Household Income
$35,844
Per Capita Income
15.5%
Poverty Rate

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Education

In Fairmont, 97.2% of residents age 25+ have a high school diploma or higher, and 9.1% hold a bachelor's degree or higher (2.2% with a graduate or professional degree).

HS Diploma+
97.2%
Bachelor's+
9.1%
Graduate+
2.2%
Education Level % of Adults (25+)
High School Diploma or Higher97.2%
Bachelor's Degree or Higher9.1%
Graduate or Professional Degree2.2%

Housing

The median home value in Fairmont is $73,600, below the national median of $303,400. The median monthly rent is $685. The homeownership rate is 83.9%.

$73,600
Median Home Value
$685/mo
Median Rent
83.9%
Homeownership Rate
Housing Metric Value
Median Home Value$73,600
Median Monthly Rent$685
Homeownership Rate83.9%
Vacancy Rate5.3%

Salaries in Nebraska

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Frequently Asked Questions

What is the population of Fairmont, Nebraska?
The population of Fairmont, Nebraska is 635 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Fairmont, Nebraska?
The median household income in Fairmont, Nebraska is $73,750. This is 8.5% below the national median of $80,610.
What is the median home value in Fairmont, Nebraska?
The median home value in Fairmont, Nebraska is $73,600. The median monthly rent is $685.
What percentage of people in Fairmont have a college degree?
In Fairmont, Nebraska, 9.1% of adults age 25 and older hold a bachelor's degree or higher, and 97.2% have a high school diploma or higher.
Is Fairmont, Nebraska an affordable place to live?
The home price-to-income ratio in Fairmont, Nebraska is 1.0x (median home value $73,600 vs. median income $73,750), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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