The median household income in Fairmont, MN in 2022 was $55,414, which was 48.6% less than the median annual income of $82,338 across the entire state of Minnesota. Compared to the median income of $33,709 in 2000 this represents an increase of 39.2%. The per capita income in 2022 was $35,171, which means an increase of 47.0% compared to 2000 when it was $18,658.
Whole page based on the data from 2000 / 2022 when the population of Fairmont, Minnesota was 10,889 / 10,451
Income statistics for all residents
Median household income in Fairmont, MN in 2022:
Fairmont:
$55,415
State:
$82,338
Change in median household income between 2000 and 2022:
Fairmont, Minnesota:
+64.4%
Minnesota:
+74.8%
Number of households with income < $10k:
Fairmont:
5.7% (278)
State:
4.3% (100,518)
Number of households with income $10k - 20k:
Fairmont:
7.6% (375)
State:
5.6% (130,945)
Number of households with income $20k - 30k:
Fairmont:
14.8% (727)
Minnesota:
6.1% (140,637)
Number of households with income $30k - 40k:
Fairmont:
5.6% (276)
State:
6.5% (151,862)
Number of households with income $40k - 50k:
Fairmont:
10.1% (494)
State:
6.7% (154,930)
Number of households with income $50k - 60k:
Fairmont:
9.9% (485)
Minnesota:
6.9% (159,181)
Number of households with income $60k - 75k:
Fairmont:
7.0% (343)
State:
9.4% (218,220)
Number of households with income $75k - 100k:
Fairmont:
14.1% (692)
State:
13.8% (319,951)
Number of households with income $100k - 125k:
Fairmont:
10.1% (497)
State:
10.8% (251,243)
Number of households with income $125k - 150k:
Fairmont:
6.3% (307)
State:
8.2% (190,349)
Number of households with income $150k - 200k:
Fairmont:
4.6% (227)
Minnesota:
10.2% (236,018)
Number of households with income > $200k:
Fairmont:
4.1% (203)
State:
11.6% (268,336)
Aggregate household income in Fairmont in 2022: $365,401,828
Median family income in Fairmont in 2022:
Fairmont:
$82,530
Minnesota:
$105,324
Number of families with income < $10k:
Fairmont:
4.7% (132)
State:
2.2% (31,728)
Number of families with income $10k - 20k:
Fairmont:
6.0% (167)
State:
2.5% (36,635)
Number of families with income $20k - 30k:
Fairmont:
3.3% (92)
State:
3.5% (50,742)
Number of families with income $30k - 40k:
Fairmont:
3.2% (88)
Minnesota:
4.4% (64,281)
Number of families with income $40k - 50k:
Fairmont:
14.7% (411)
State:
5.2% (76,436)
Number of families with income $50k - 60k:
Fairmont:
9.0% (253)
State:
5.7% (83,050)
Number of families with income $60k - 75k:
Fairmont:
5.9% (164)
Minnesota:
8.8% (127,783)
Number of families with income $75k - 100k:
Fairmont:
14.3% (401)
State:
14.7% (214,426)
Number of families with income $100k - 125k:
Fairmont:
15.4% (430)
State:
13.1% (190,094)
Number of families with income $125k - 150k:
Fairmont:
9.0% (253)
Minnesota:
10.3% (149,830)
Number of families with income $150k - 200k:
Fairmont:
7.3% (204)
Minnesota:
13.6% (197,479)
Number of families with income > $200k:
Fairmont:
7.2% (202)
State:
16.1% (233,828)
Median non-family income in Fairmont in 2022:
Fairmont:
$30,356
State:
$48,461
Change in median non-family income between 2000 and 2022:
Fairmont, Minnesota:
+65.0%
Minnesota:
+73.6%
Median per capita income in Fairmont in 2022:
Fairmont:
$35,172
State:
$45,021
Change in median per capita income between 2000 and 2022:
Fairmont, Minnesota:
+88.5%
State:
+94.1%
Income statistics for White residents
Median household income in Fairmont, MN in 2022:
Fairmont:
$55,936
Minnesota:
$85,697
Change in median household income between 2000 and 2022:
Fairmont, Minnesota:
+65.3%
State:
+77.5%
Number of households with income < $10k:
Fairmont:
4.9% (224)
State:
3.9% (74,145)
Number of households with income $10k - 20k:
Fairmont:
8.0% (364)
Minnesota:
5.1% (97,289)
Number of households with income $20k - 30k:
Fairmont:
15.3% (697)
Minnesota:
5.8% (111,536)
Number of households with income $30k - 40k:
Fairmont:
5.3% (241)
State:
6.2% (118,402)
Number of households with income $40k - 50k:
Fairmont:
10.3% (469)
Minnesota:
6.6% (126,331)
Number of households with income $50k - 60k:
Fairmont:
9.3% (425)
State:
6.8% (129,961)
Number of households with income $60k - 75k:
Fairmont:
6.9% (313)
State:
9.4% (181,337)
Number of households with income $75k - 100k:
Fairmont:
14.4% (656)
Minnesota:
13.8% (265,776)
Number of households with income $100k - 125k:
Fairmont:
10.1% (459)
Minnesota:
11.2% (214,803)
Number of households with income $125k - 150k:
Fairmont:
6.6% (300)
State:
8.6% (164,715)
Number of households with income $150k - 200k:
Fairmont:
4.5% (203)
State:
10.6% (203,283)
Number of households with income > $200k:
Fairmont:
4.4% (199)
State:
12.2% (233,694)
Aggregate household income in Fairmont in 2022: $343,269,515
Median family income in Fairmont in 2022:
Fairmont:
$84,355
Minnesota:
$110,049
Number of families with income < $10k:
Fairmont:
2.8% (72)
State:
1.5% (17,407)
Number of families with income $10k - 20k:
Fairmont:
6.5% (168)
Minnesota:
1.9% (22,955)
Number of families with income $20k - 30k:
Fairmont:
3.5% (89)
State:
2.9% (34,913)
Number of families with income $30k - 40k:
Fairmont:
3.3% (84)
State:
3.7% (44,598)
Number of families with income $40k - 50k:
Fairmont:
15.0% (388)
State:
4.9% (58,683)
Number of families with income $50k - 60k:
Fairmont:
8.8% (227)
State:
5.4% (64,644)
Number of families with income $60k - 75k:
Fairmont:
5.5% (142)
State:
8.9% (105,839)
Number of families with income $75k - 100k:
Fairmont:
14.5% (374)
State:
14.8% (177,106)
Number of families with income $100k - 125k:
Fairmont:
15.2% (392)
Minnesota:
13.6% (162,292)
Number of families with income $125k - 150k:
Fairmont:
9.6% (247)
State:
10.9% (130,417)
Number of families with income $150k - 200k:
Fairmont:
7.7% (197)
State:
14.3% (171,257)
Number of families with income > $200k:
Fairmont:
7.7% (197)
State:
17.1% (204,721)
Median non-family income in Fairmont in 2022:
Fairmont:
$29,661
State:
$49,920
Change in median non-family income between 2000 and 2022:
Fairmont, Minnesota:
+61.6%
Minnesota:
+76.0%
Median per capita income in Fairmont in 2022:
Fairmont:
$36,128
State:
$49,507
Change in median per capita income between 2000 and 2022:
Fairmont, Minnesota:
+88.8%
State:
+103.3%
Income statistics for Black or African American residents
Median per capita income in Fairmont in 2022:
Fairmont:
$861
Minnesota:
$25,146
Income statistics for Asian residents
Number of households with income < $10k:
Fairmont:
0.0% (0)
State:
4.2% (3,886)
Number of households with income $10k - 20k:
Fairmont:
0.0% (0)
State:
4.1% (3,821)
Number of households with income $20k - 30k:
Fairmont:
0.0% (0)
Minnesota:
3.8% (3,485)
Number of households with income $30k - 40k:
Fairmont:
0.0% (0)
State:
5.0% (4,620)
Number of households with income $40k - 50k:
Fairmont:
0.0% (0)
Minnesota:
6.0% (5,609)
Number of households with income $50k - 60k:
Fairmont:
100.0% (28)
State:
5.4% (4,977)
Number of households with income $60k - 75k:
Fairmont:
0.0% (0)
Minnesota:
9.3% (8,666)
Number of households with income $75k - 100k:
Fairmont:
0.0% (0)
State:
15.6% (14,466)
Number of households with income $100k - 125k:
Fairmont:
0.0% (0)
Minnesota:
10.7% (9,893)
Number of households with income $125k - 150k:
Fairmont:
0.0% (0)
State:
9.3% (8,600)
Number of households with income $150k - 200k:
Fairmont:
0.0% (0)
State:
12.6% (11,662)
Number of households with income > $200k:
Fairmont:
0.0% (0)
Minnesota:
14.2% (13,207)
Aggregate household income in Fairmont in 2022: $8,015,955
Median per capita income in Fairmont in 2022:
Fairmont:
$67,722
State:
$39,496
Income statistics for Hispanic or Latino residents
Median household income in Fairmont, MN in 2022:
Fairmont:
$47,553
State:
$63,399
Number of households with income < $10k:
Fairmont:
13.4% (42)
Minnesota:
4.0% (3,834)
Number of households with income $10k - 20k:
Fairmont:
7.0% (22)
Minnesota:
6.1% (5,874)
Number of households with income $20k - 30k:
Fairmont:
20.1% (63)
State:
9.9% (9,526)
Number of households with income $30k - 40k:
Fairmont:
7.6% (24)
State:
10.1% (9,710)
Number of households with income $40k - 50k:
Fairmont:
4.8% (15)
Minnesota:
8.0% (7,724)
Number of households with income $50k - 60k:
Fairmont:
18.8% (59)
Minnesota:
9.6% (9,248)
Number of households with income $60k - 75k:
Fairmont:
7.0% (22)
State:
10.8% (10,444)
Number of households with income $75k - 100k:
Fairmont:
0.0% (0)
State:
15.0% (14,464)
Number of households with income $100k - 125k:
Fairmont:
21.3% (67)
State:
7.6% (7,348)
Number of households with income $125k - 150k:
Fairmont:
0.0% (0)
Minnesota:
5.1% (4,890)
Number of households with income $150k - 200k:
Fairmont:
0.0% (0)
State:
6.5% (6,257)
Number of households with income > $200k:
Fairmont:
0.0% (0)
State:
7.3% (7,057)
Aggregate household income in Fairmont in 2022: $16,689,558
Median family income in Fairmont in 2022:
Fairmont:
$48,746
Minnesota:
$67,562
Number of families with income < $10k:
Fairmont:
20.8% (62)
State:
5.9% (3,967)
Number of families with income $10k - 20k:
Fairmont:
6.4% (19)
State:
4.1% (2,790)
Number of families with income $20k - 30k:
Fairmont:
20.5% (62)
State:
8.4% (5,627)
Number of families with income $40k - 50k:
Fairmont:
5.2% (16)
State:
8.7% (5,826)
Number of families with income $50k - 60k:
Fairmont:
20.7% (62)
Minnesota:
9.2% (6,189)
Number of families with income $60k - 75k:
Fairmont:
6.2% (18)
Minnesota:
9.5% (6,388)
Number of families with income $100k - 125k:
Fairmont:
20.3% (61)
State:
7.4% (4,975)
Median per capita income in Fairmont in 2022:
Fairmont:
$16,811
State:
$27,748
Change in median per capita income between 2000 and 2022:
Fairmont, Minnesota:
+98.0%
State:
+127.2%
Income statistics for Multirace residents
Median household income in Fairmont, MN in 2022:
Fairmont:
$61,380
State:
$74,586
Number of households with income < $10k:
Fairmont:
0.0% (0)
Minnesota:
4.8% (5,071)
Number of households with income $10k - 20k:
Fairmont:
0.0% (0)
Minnesota:
7.2% (7,697)
Number of households with income $20k - 30k:
Fairmont:
0.0% (0)
State:
8.0% (8,495)
Number of households with income $30k - 40k:
Fairmont:
8.5% (13)
Minnesota:
8.9% (9,445)
Number of households with income $40k - 50k:
Fairmont:
23.5% (36)
State:
6.3% (6,680)
Number of households with income $50k - 60k:
Fairmont:
14.4% (22)
Minnesota:
6.7% (7,171)
Number of households with income $60k - 75k:
Fairmont:
15.7% (24)
Minnesota:
8.4% (8,916)
Number of households with income $75k - 100k:
Fairmont:
11.8% (18)
State:
13.8% (14,719)
Number of households with income $100k - 125k:
Fairmont:
9.8% (15)
Minnesota:
10.0% (10,590)
Number of households with income $125k - 150k:
Fairmont:
0.0% (0)
Minnesota:
7.3% (7,720)
Number of households with income $150k - 200k:
Fairmont:
16.3% (25)
Minnesota:
8.2% (8,751)
Number of households with income > $200k:
Fairmont:
0.0% (0)
Minnesota:
10.5% (11,170)
Aggregate household income in Fairmont in 2022: $12,206,918
Median family income in Fairmont in 2022:
Fairmont:
$62,958
Minnesota:
$91,504
Number of families with income $40k - 50k:
Fairmont:
31.0% (36)
Minnesota:
5.9% (3,846)
Number of families with income $50k - 60k:
Fairmont:
20.7% (24)
State:
6.0% (3,860)
Number of families with income $60k - 75k:
Fairmont:
17.1% (20)
State:
7.0% (4,538)
Number of families with income $75k - 100k:
Fairmont:
17.5% (20)
State:
15.0% (9,721)
Number of families with income $100k - 125k:
Fairmont:
13.6% (16)
State:
11.5% (7,416)
Median per capita income in Fairmont in 2022:
Fairmont:
$40,470
State:
$28,529
Income statistics for other residents
Number of households with income < $10k:
Fairmont:
53.7% (51)
State:
5.5% (2,716)
Number of households with income $10k - 20k:
Fairmont:
0.0% (0)
State:
6.3% (3,106)
Number of households with income $20k - 30k:
Fairmont:
0.0% (0)
Minnesota:
6.7% (3,298)
Number of households with income $30k - 40k:
Fairmont:
26.3% (25)
State:
9.2% (4,529)
Number of households with income $40k - 50k:
Fairmont:
0.0% (0)
State:
8.6% (4,198)
Number of households with income $50k - 60k:
Fairmont:
0.0% (0)
State:
9.2% (4,519)
Number of households with income $60k - 75k:
Fairmont:
0.0% (0)
State:
10.8% (5,300)
Number of households with income $75k - 100k:
Fairmont:
0.0% (0)
State:
15.9% (7,771)
Number of households with income $100k - 125k:
Fairmont:
20.0% (19)
State:
8.6% (4,216)
Number of households with income $125k - 150k:
Fairmont:
0.0% (0)
State:
4.4% (2,178)
Number of households with income $150k - 200k:
Fairmont:
0.0% (0)
State:
7.3% (3,556)
Number of households with income > $200k:
Fairmont:
0.0% (0)
Minnesota:
7.3% (3,596)
Aggregate household income in Fairmont in 2022: $3,468,693
Median per capita income in Fairmont in 2022:
Fairmont:
$8,892
State:
$28,385
Change in median per capita income between 2000 and 2022:
Fairmont, Minnesota:
+8.6%
State:
+149.3%
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